US Capital Partners Provides $1.5 Million Revolving Line of Credit for Seesmart, Inc.
US Capital Partners, LLC has arranged $1.5 million in financing for a fast-growing California-based designer and manufacturer of high-quality, energy-saving LED lighting products.
SAN FRANCISCO, NOVEMBER 2012 – US Capital Partners, LLC has put in place a scalable $1.5 million accounts receivable line of credit for Seesmart, Inc. (“Seesmart”), headquartered in Simi Valley, CA. US Capital Partners is a private investment bank that makes direct debt investments, participates in debt facilities, and arranges equity placements for small to lower middle market companies.
“Seesmart’s growth over the last several years has been tremendous and our team works tirelessly to maintain that growth,” said Kenneth Ames, CEO at Seesmart. “To support our ongoing expansion, US Capital Partners successfully arranged a $1.5 million accounts receivable line of credit for us. We are very pleased with this financing.”
“We are delighted to have secured scalable financing for Seesmart,” said Jeffrey Sweeney, CEO and Managing Director at US Capital Partners. “Without sufficient working capital, Seesmart was unable to meet strong increased demand for its high-quality, energy-efficient LED lighting products, and was incurring additional costs in order to meet current customer deadlines. With this $1.5 million line of credit secured by US Capital Partners, the company is now growing faster and has significantly reduced its operating costs.”
About Seesmart, Inc.
Seesmart develops and manufactures its own collection of LED lighting products, which are designed to produce immediate energy savings and accommodate existing infrastructure. Seesmart delivers its products through an international network of authorized dealers and distributors. Customers include Fortune 500 companies, government agencies, retail stores, lighting supply companies, schools, industrial manufacturers, and homeowners. Seesmart, Inc. is a division of Seesmart Technologies, Inc. (OTC: SEST).
About US Capital Partners, LLC
Since 1998, US Capital Partners (www.uscapitalpartners.net) has been providing prompt, innovative, and reliable financing solutions including lending, equity financing, and debt re-structuring to businesses across the United States and abroad. US Capital Partners 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 it to provide the best financing available, not only for companies in excellent financial condition, but also for companies that may have been refused credit by traditional lenders.
If you would like to know more about how your business can secure the financing it needs, email Jeffrey Sweeney, CEO and Managing Director, at firstname.lastname@example.org or call (415) 889-1010.