US Capital Partners, LLC Serves as Lead Arranger of $4.5 Million Credit Facility for Speculative Product Design, Inc.
Our team at US Capital Partners, LLC (“USCP”) has secured a $4.5 million senior secured credit facility for Speculative Product Design, Inc. (“Speck”), headquartered in Palo Alto, CA. We are a private investment bank, direct lender, co-lender, and leading financial arranger that specializes in business loans for small to middle-market companies.
The credit facility served to refinance Speck’s previous line of credit, and will be used to support the company’s continued domestic and international growth. Speck has become a dominant market leader in the iPod, cell phone, satellite radio, and electronic accessory category. The company is best-known for creating refreshing designs that offer quality, thoughtful features, and distinctive style. Its line of products can be found worldwide at Apple retail stores and at most major electronics dealers. The new credit facility arranged by USCP included an inventory revolver and an AR line of credit for both domestic and international assets. It was designed to eliminate working capital constraints and fuel domestic and international growth.
“USCP has structured and arranged an optimal financing arrangement for us,” said Irene Baran, CEO of Speck. “Working with its many affiliates, USCP was able to change our financing structure and increase our borrowing availability. We are really pleased with the result.”
We are delighted to have secured this financing facility for Speck. According to PricewaterhouseCoopers, smaller private companies will likely lead the economic recovery in 2010, especially those doing business in international markets, like Speck. These businesses are increasingly looking to capitalize on upcoming commercial growth opportunities, but they need financing that is affordable and intelligently structured. Our team at USCP specializes in arranging this for them.
About US Capital Partners, LLC
Since 1998, US Capital Partners has been providing prompt, innovative, and reliable financing solutions including lending, corporate financing, and debt re-structuring to businesses across the United States and abroad. US Capital is a private investment bank, direct lender, co-lender, and lead financial arranger that specializes in asset-based debt for small- to middle-market private and public companies. The company’s innovative approach allows them to provide the best financing available, not only for companies in excellent financial condition, but also for companies who may have been refused credit by traditional lenders. If you would like to know more about how your business can secure the funding it needs, visit http://www.uscapitalpartners.net/ or call (415) 882-7160.