US Capital Partners Provides $750,000 Facility for Action Craft Boats
US Capital Partners Inc. has put in place custom financing to support the ongoing expansion of a Florida-based boat manufacturer.
SAN FRANCISCO, July 2015 – US Capital Partners Inc. has provided a $750,000 growth-capital term loan for Action Craft Boats (“Action Craft”), located in Cape Coral, Lee County, Florida. US Capital Partners is a private investment bank that makes direct debt investments, participates in debt facilities, and has robust distribution for debt and equity private placements for small and medium-sized businesses in the United States and abroad.
“We are delighted to have provided this $750,000 term loan for Action Craft,” said Jeffrey Sweeney, Chairman and CEO at US Capital Partners. “Action Craft was experiencing increased demand for its custom boats, and wished to increase its footprint in Florida and the Southeast. Due to some historical losses and the customized nature of Action Craft’s inventory and collateral, the company was having difficulty finding financing. Rather than approach this finance opportunity solely by evaluating long-term historical performance and collateral, as most traditional banks had done, US Capital Partners was able to leverage Action Craft’s strong recent quarters and increased
About Action Craft Boats
Based in Cape Coral, Florida, Action Craft is a manufacturer and vendor of high-quality salt- and fresh-water boats. The company began over two decades ago with the aim of building custom, durable, angler-designed skiffs of the highest quality, setting new standards for shallow water fishing boats. Action Craft currently has nine models of flats boats and three models of bay boats. In addition to building custom boats, the company also services previously sold models and sells replaceable parts.
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 $50 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.