Essex Capital Group, Inc. (“Essex”) announced today that the firm recently arranged three new debt facilities for its clients. Essex Capital acted as the exclusive financial advisor for each of these transactions.

HealthBridge Medical

Essex arranged a new working capital facility for HealthBridge Medical, a DME provisioning and home health services company, serving third party administrators, self-insured employers, insurers and case management entities.

The new facility unlocked substantially more availability on the company’s accounts receivables for the quickly growing business while also cutting cost of funds by almost 50%.

RescomX

Essex closed a short-term bridge loan for RescomX, Inc, a leading build, install and restoration company for homebuilders and insurance companies in the state of Florida.

RescomX was experiencing hyper growth after being founded a couple of years ago. When two back-to-back hurricanes hit the state of Florida, the company experienced a substantial working capital shortfall, with more work to bid on than they could realistically take on. Essex was able to arrange a short-term bridge loan for the company that allowed the business to fund elevated working capital needs and meet the market’s spike in demand.

GraduationSource

Essex closed a short-term bridge loan for GraduationSource, a manufacturer and distributor of quality graduation regalia worldwide to over 35,000 schools and institutions.

GraduationSource is a highly seasonal business with winter inventory build-up in anticipation of the spring selling season for graduation materials in schools.

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