Feb 25, 2019 | Fundings, Working Capital, Working Capital Financing, Working Capital Loans
THE SITUATION In business for 50 years, this 2nd-generation family-owned job shop has specific expertise building specialized metal housings for electrical systems. Their recent rapid growth resulted in an increased need for working capital, which could not be...Read more
Feb 25, 2019 | Asset Based Financing, Asset Based Lending, Fundings, Working Capital, Working Capital Financing, Working Capital Loans
THE SITUATION When a large staffing company needed funding in less than a week, Summit came through. This company provides translators and other services for the U.S. Government overseas. Their quarterly bonuses were due, but the company’s funding source was...Read more
Jul 20, 2018 | Fundings, North Mill Capital
Princeton, NJ January through June 2018 Deal Announcements North Mill Capital LLC is pleased to announce the funding of the following transactions: $3,000,000 to China Direct International http://bit.ly/2m9k84n $1,000,000 to Corchran, Inc. http://bit.ly/2unbsLq...Read more
Jul 15, 2018 | Fundings, Working Capital, Working Capital Financing, Working Capital Loans
THE SITUATION When a new ownership group acquired control of this existing trucking and packaging firm, they tried to get a bank line of credit. But due to the start-up nature of the new entity, they did not qualify. The bank referred the company to Summit. THE...Read more
Dec 27, 2016 | Fundings, Working Capital, Working Capital Financing, Working Capital Loans
THE SITUATION This distributor of aerospace parts had been in business for over 15 years, but a management reorganization resulted in a downturn of overall business. The company became undercapitalized, negatively impacting their trade credit. When their bank couldn’t...Read more
Jul 14, 2016 | Fundings, Working Capital Financing
These fundings include Accounts Receivable financing for the following companies: In the Southeast Region, Summit funded a $3,000,000 A/R credit line to a short haul transportation company based in Georgia, as well as a $100,000 A/R credit line to a diesel truck...Read more
