US Capital Partners Provides Multi-Million Dollar Facility for Leading Non-Profit Social Enterprise
US Capital Partners, LLC helps create jobs for the disabled community and for disabled veterans by securing expansive financing for a Florida-based non-profit organization.
SAN FRANCISCO, May 2013 - US Capital Partners, LLC has provided a multi-million dollar accounts receivable line of credit for a non-profit social enterprise headquartered in Jacksonville, Florida. 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.
In 2011, the non-profit’s largest manufacturer and supplier was acquired by a private company. After the acquisition, the private company donated the entire manufacturing business to the non-profit. This resulted in one of the largest partnerships between a for-profit and a non-profit, with the Florida-based social enterprise poised to become a major manufacturer of drug testing equipment. To support its current and future working capital needs, the non-profit approached US Capital Partners to place a scalable accounts receivable line of credit.
“We are delighted to have financed this expanding social enterprise, thereby helping to create many more jobs for the disabled community and for disabled veterans,” said Jeffrey Sweeney, CEO and Managing Director at US Capital Partners. “One hundred percent of the non-profit’s receivables are with government agencies, with all payments received through a single government entity. The situation is typically problematic for most traditional lenders—because of the non-profit structure of the company, the concentration of receivables, and the government account debtors. Despite this, US Capital Partners was able to structure and provide a multi-million dollar revolver to support the company’s continued growth.”
About the Non-Profit Social Enterprise
Established in 2009, this Florida-based company seeks to create meaningful employment opportunities for people with disabilities, including service disabled veterans and people who are deaf, visually impaired, or have a physical or mental disability. The non-profit provides drug and alcohol testing equipment to over 200 institutions and state agencies, designing products to meet a wide variety of specification needs.
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.