United Capital Funding and KLC Financial Provide Funding to Printing Company

United Capital Funding Group, a Florida-based factoring firm with offices in Tennessee, recently provided a $3 million accounts receivable facility to a Tennessee-based commercial printing company in partnership with KLC Financial, a Minnesota-based equipment finance firm, which issued an equipment loan. The financing was secured after the printing company was denied an increase in its Small Business Administration-guaranteed bank line of credit.

The company had contracts with U.S.-based manufacturing and packaging companies and experienced accelerated growth as demand grew. The company had a bank line of credit, which was guaranteed by the SBA, but the structure was insufficient to support its growth demands.

“In partnership with KLC, this solution presents a complete package for this company, allowing them to maintain steady cash flow by using two distinct sources of collateral to secure working capital,” Matt Perkins, business development officer at United Capital Funding, said.

To assist with maximizing the company’s revenue opportunity, KLC Financial provided a $275,000 equipment finance loan to acquire two, lightly used machines to help automate the pouching and slitting in its packaging process. In review for an invoice finance facility, United Capital Funding reviewed the company’s financial performance and determined a credit facility of $3 million to facilitate more working capital in the company’s balance sheets.