Alternative Financing Case Study: How TAG Secured a $1.5M Credit Facility to Support Ongoing Domestic Growth
I recently blogged about our role at US Capital Partners as sole arranger of a $1.5 million credit facility for Transportation Agent Grid, LP.
Transportation Agent Grid ("TAG") is a growing operations and logistics resource business for California-based independently-owned local and regional on-call delivery companies. TAG is headquartered in Newark, CA.
TAG needed additional financing to expand its operations to Seattle and Chicago. However, TAG's previous lenders were unable to finance the partnership's trade receivables. To support its ongoing domestic growth, TAG needed to move its financing from a term-loan structure to a revolving line of credit based on its trade accounts receivable.
Through a careful analysis of TAG's collateral base, we were able to understand TAG's trade receivables from a credit perspective. This made it possible for us to bring in lenders under a new, improved structure. Working with its affiliates, US Capital secured a $1.5 million senior secured credit facility for TAG.
As a private investment bank, direct lender, co-lender, and lead financial arranger, we specialize in securing financing for smaller companies that is both intelligently structured and affordable. We provide alternative financing for working and growth capital for small- to middle-market private and public companies. And our innovative approach allows us 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. We were excited to have the opportunity to help TAG reach their financial goals.
Visit our web site to read more about US Capital Partners' recent transactions.
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. We will give your business the attention it deserves and find the most suitable product for you. We offer true one-stop financing and will work in partnership with you throughout the lending process. 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.