Date Funded: May 28, 2019
Facility Amount: $3,000,000 Accounts Receivable and Inventory Financing Facility
The Company: Illinois-based fleet printing and graphics provider servicing large, national customers throughout the country.
The Issue: A business owner had an auction, acquisition opportunity and was seeking financing for the purchase along with ongoing working capital for their operations and growth. The auction timing was tight, and the company could not wait for more traditional financing. They needed a financial partner who could move quickly and finance both accounts receivable and inventory.
The Solution: Allcap Participation Fund was able to fund within a week, not having to contend with drawn out due diligence and approval processes. As a privately owned and operated fund, Allcap could review the information, structure a transaction and get to the finish line quickly, giving assurances to the owner of the company so they could bid at the auction and win the deal.
The Win: Allcap’s funding enabled a business owner to acquire a new company and keep people employed, while also helping to grow the business further into the future.