UMB Capital Finance Provides $9MM in New Credit Facilities

UMB Bank, through its UMB Capital Finance accounts receivable finance business channel, provided the following financing facilities:

• A $2 million credit facility to a Rocky Mountain region-based luxury brand mattress contract manufacturer. Working through a UMB Bank referral, the client was constricted in its existing traditional working capital facility based on a high concentration customer base. UMB accommodated the concentration and provided cash flow support to expand production. 

• A $3 million credit facility to a Pacific Northwest region-based IT staffing and consulting provider experiencing growth with Fortune 500 firms. Referred by a third-party commercial bank, the client was unable to grow its facility with its existing accounts receivable lender and UMB provided an increased facility while offering cost savings to the client.  

• A $3.5 million credit facility to a Rocky Mountain region-based heavy-duty mining equipment repair company. This opportunity was sourced through an investment banking firm. The client was financing cash flow internally through its foreign ownership and seeking a working capital facility to support operations and expansion.

• A $500,000 credit facility to a recently created intrastate transportation firm. The client utilized recently created cash flow provided by UMB’s financing to expand operations and bid more aggressively on potential new direct hauling clients.