US Capital Partners Provides $6 Million Multi-Tranche Credit Facility for Laser Engineering, Inc.
US Capital Partners, LLC has structured and secured financing for an innovative US manufacturer of advanced laser technology.
SAN FRANCISCO, April 2013 - US Capital Partners, LLC has provided a $1 million bridge financing round for Laser Engineering, Inc. (“LEI”), headquartered in Franklin, Tennessee, followed by a $5 million accounts receivable line of credit. US Capital Partners is a private investment bank that makes direct debt investments, participates in debt facilities, and arranges equity placements for small to lower middle market companies.
“We are delighted to have secured this new, expansive financing,” said Lou Wallace, President at LEI. “Over the last twenty-five years, we have continued advancing our laser technology and expanding our business. We approached US Capital Partners to place a scalable accounts receivable line of credit to increase manufacturing capacity and production of our new product line.”
“We are extremely pleased to have provided this scalable credit facility for LEI,” said Jeffrey Sweeney, CEO and Managing Director at US Capital Partners. “Based on rising market demand for LEI’s newly released FDA-approved product, the company recognized the need to increase working capital to meet increased customer orders. US Capital Partners was able to provide the initial bridge financing LEI required to support its current and future working capital needs as the company continues to scale.”
About Laser Engineering, Inc.
Founded in 1981, LEI designs, manufactures, sells, and services the LEI Ultra MD™ CO2 laser system and a complete line of accessories for multi-specialty use in neurosurgery, spinal surgery, ENT, gynecology, urology, and other disciplines. The company recently received FDA clearance for its new proprietary flexible fiber (UltraLase CO2 Fiber), which can be used with most CO2 lasers and offers unmatched precision in surgery. Headquartered in Franklin, Tennessee, LEI is a privately held company with over twenty years of surgical laser experience. All its products are made in the United States.
About US Capital Partners, LLC
Since 1998,US Capital Partners (www.uscapitalpartners.net) has been providing prompt, innovative, and reliable financing solutions including lending, equity financing, and debt re-structuring to businesses across the United States and abroad. US Capital Partners is a private investment bank, direct lender, co-lender, and lead financial arranger that specializes in asset-based debt for small to middle market private and public companies. The company’s innovative approach allows it to provide the best financing available, not only for companies in excellent financial condition, but also for companies that may have been refused credit by traditional lenders.
If you would like to know more about how your business can secure the funding it needs, email Jeffrey Sweeney, CEO and Managing Director, at email@example.com or call (415) 889-1010.