Pinnacle Capital Finance Provides $5 Million to a California-based Semiconductor Company

Pinnacle Capital Finance is pleased to announce the issuance of a $5MM Accounts Receivable line of credit for a semiconductor design and manufacturing company that specializes in digital microwave technology.  

The Pinnacle Capital Finance loan is structured with the ability to deem eligible account debtor concentrations up to 75% as a result of large orders related to their military and aerospace customer base. This funding flexibility enables the company to leverage their accounts receivable and preserve other dilutive forms of capital to fund their R&D efforts.   

Kevin O’Hare, President of the Pinnacle Capital Finance remarked: “It was a pleasure to work with such a seasoned team of professionals who are building their second start-up tech company after successfully having founded and sold a prior business. The prior being VC funded and the latter being capitalized via a waterfall of sophisticated private capital, which made for some lengthy and elaborate intercreditor negotiations.”

Pinnacle Capital Finance is a division of Pinnacle Bank, a full-service community business bank dedicated to providing quality depository and credit services. Pinnacle Capital Finance offers an array of Asset Based Lending services to growth companies. Our loans range in size from $1,000,000.00 to $10+ Million. We offer a full range of financial products including accounts receivable and inventory financing, factoring, purchase order as well as term loans.  For more information, visit www.pinnacle.bank.