Culain Capital Funding Closes $3MM Factoring Facility, Enabling New York Mechanical Services Company to Acquire Another Firm

January 23, 2024

Source: Culain Capital Funding

January 24, 2024 

(Buffalo, NY) More and more businesses in need of fast, flexible working capital solutions beyond typical bank lending are turning to Culain Capital Funding.  The latest is a mechanical services company based in NY, which recently received a $3MM accounts receivable factoring facility through Culain. 

The client, a veteran and minority-owned business with aspirations for growth, saw an opportunity to achieve that growth through the acquisition of a subsidiary of another company.  However, with limited capital, the client needed funding to complete the acquisition.         

“We saw an opportunity to help this client fast track his growth plans, and we quickly set the wheels in motion,” said Culain’s President Jamie Franz. “Because the objective was to fund an acquisition, we looped our legal team into the process, and they were extremely supportive, structuring the transaction to ensure that our financing complied with the client’s existing contracts.  That was key to making the transaction a smooth one for all.”  

Culain’s diligence and attention to detail made all the difference for this client, whose company is now benefiting from the critical mass they’ve realized through the acquisition.    

“We were able to help this client literally transform his business overnight,” Franz said. “He is now on the path that he envisioned, and we’re really pleased that we played a part in that, particularly because he’s a U.S. military veteran.”   

For more information about Culain Capital Funding, please visit www.culaincapital.com  or contact Jamie Franz at 716.919.1322 or via email at jfranz@culaincapital.com

About Culain Capital Funding

Led by experienced, hands-on senior managers – and backed by a $5b hedge fund –Culain Capital Funding is a one-stop shop for U.S. businesses that need fast, flexible working capital options beyond typical bank lending.  A privately held company founded in 2022 by James Franz, Joseph Heim, Jim Jarosz and Fred Kulikowski, Culain Capital Funding builds lasting relationships with brokers, business advisors and companies with financing needs by being responsive, transparent, easy to work with, and by providing direct access to decisionmakers. 

 

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