Equify Business Funding Provides $5,000,000 ABL Facility Refinance to Gulf Coast Power Systems Manufacturer

Equify Business Funding recently funded a $5,000,000 asset-based lending facility for a Gulf Coast-based manufacturer of specialized power generation equipment and related industrial systems.

Structured against accounts receivable and inventory, the facility refinanced the company’s previous Tier 1 bank revolver and delivered increased flexibility to support ongoing operating and working capital requirements.

Equify Business Funding is a Charlotte area based independent direct lender to small and lower middle market businesses seeking working capital support for growth capital, turnaround, or expansion.  An affiliate of Equify Financial, the Equify group of companies was founded in 2011 focusing on equipment loans and revolving credit facilities.