US Capital Partners Provides Bridge Loan to Multi-Million Dollar Facility for CloudSmartz
US Capital Partners Inc. has put in place bridge financing to support the continued expansion of a high-growth information technology and cloud services provider.
SAN FRANCISCO, March 2015 – US Capital Partners Inc. has provided a bridge loan to a multi-million dollar facility for CloudSmartz, Inc., headquartered in Rochester, New York. US Capital Partners is a private investment bank that makes direct debt investments, participates in debt facilities, and underwrites debt and equity private placements for small and medium-sized businesses.
“We are extremely pleased with this timely bridge financing,” said Jeff Luchetti, CFO at CloudSmartz. “Known for artfully applying technology as the empowering force behind the transformation of both start-ups and Fortune 500 companies, CloudSmartz plans to continue the strategic expansion of its Application Development and Managed IT Services offerings. To that end, we approached US Capital Partners to secure additional working capital and to put in place well-structured bridge financing that meets our strategic needs. We are very pleased with the result.”
“We are delighted to have provided bridge financing for this expanding IT and cloud service provider,” said Jeffrey Sweeney, Chairman and CEO at US Capital Partners. “US Capital Partners has a proven track record in securing innovative financing alternatives for small and medium-sized businesses. Within one week of receiving the required information, US Capital Partners was able to close a subordinate term loan facility for CloudSmartz. The facility was customized to provide CloudSmartz with the liquidity and flexibility it needed while the company explored and executed on its first step in refocusing the business on its growth strategy.”
About CloudSmartz, Inc.
CloudSmartz was founded in 2012 as a trusted managed IT and cloud solutions provider with a vision to use artfully applied technology as the empowering force behind the transformation of start-ups and Fortune 500 companies alike. Serving local, national, and global organizations within the healthcare, finance, communications, education, and technology industries, CloudSmartz believes in forming trusted partnerships with companies in order to provide them with the most comprehensive and creative technology solutions that will enable their businesses to thrive. Because of the its broad range of capabilities, CloudSmartz can apply its 20+ years of IT experience to solving unique business problems in a creative, strategic way – with the mind-set of an executive trying to drive results.
About US Capital Partners Inc.
Since 1998, US Capital Partners (www.uscapitalpartners.net) has been providing well-structured, custom financing solutions to private and public companies with $5 million to $100 million in sales. Headquartered in San Francisco, US Capital Partners is a full-service private investment bank that makes direct debt investments between $500,000 and $30 million, participates in debt facilities, and underwrites debt and equity private placements. The firm also offers financial advisory services for buy-side and sell-side engagements and for capital formation, including early-stage financings requiring equity or debt.
To learn more about how your business can secure the funding it needs, email Jeffrey Sweeney, Chairman and CEO, at jsweeney@uscapitalpartners.net or call (415) 889-1010.