Feb 17, 2020 | Revolving Line of Credit, Term Loans, Working Capital Financing
ROCKDALE, IL $3,000,000 REVOLVING LINE OF CREDIT $500,000 EQUIPMENT TERM LOAN FACILITY The proceeds were used to pay off the existing lender and provide additional working capital. Founded in 1980, Seating Concepts, LLC is a manufacturer of furniture and decor for the...Read more
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 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 12, 2017 | In The News, North Mill Capital, Working Capital Financing
by Jessica Staheli The Secured Lender This year’s Women in Commercial Finance Annual Breakfast was the most well-attended in WICF history, with so many of our women colleagues attending that additional tables had to be brought in to accommodate us all! As we settled...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
