US Capital Partners Provides $500,000 Bridge Loan for Chellino Crane, Inc.
US Capital Partners Inc. has put in place bridge financing in less than five days to support the growth of an Illinois-based crane rental and operating business servicing the energy industry.
SAN FRANCISCO, DECEMBER 2014 – US Capital Partners Inc. has provided a $500,000 bridge loan for Chellino Crane, Inc. (“Chellino Crane”), headquartered in Joliet, IL. 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.
Currently at an inflection point in its growth, Chellino Crane has a strong pipeline of new projects and opportunities. The bridge financing provided by US Capital Partners will be used to acquire additional equipment to meet the needs of customers and execute on these opportunities.
“We are delighted to have provided a $500,000 term loan for this Illinois-based crane rental and operating firm,” said Jeffrey Sweeney, CEO and Managing Director at US Capital Partners. “US Capital Partners has a strong track-record in providing best-in-class financing for small to lower middle market businesses across the United States, with a special focus on speed, structure, and efficiency of execution. We were able to provide this bridge financing for Chellino Crane swiftly, so that the business could purchase additional equipment as quickly as possible to execute on new contracts.”
About Chellino Crane, Inc.
Chellino Crane is a crane rental and operating business that services the oil refinery, chemical plant, power plant, and wind farm industries. Headquartered in Joliet, IL and in business for over forty years, the firm provides rental equipment such as hydraulic truck cranes and crawler cranes, together with supporting equipment and experts in the field to support, maintain, and operate its cranes. Chellino Crane is known both for the quality of its equipment and the experience of its operators and field supervisors.
About US Capital Partners Inc.
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.
To learn more about how your business can secure the funding it needs, email Jeffrey Sweeney, CEO and Managing Director, at jsweeney@uscapitalpartners.net or call (415) 889-1010.