TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
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SFNet's 40 Under 40 Award Winners Panel Recap
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It’s Not Too Late – Five Member Benefits to Cash In On Now
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It’s Time To Break Up With Your Phone
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Potential Impacts of Blockchain on Commercial Lending
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Audit Prep: Why a Paperless Approach Makes Sense
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
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Paper Loan Files: Does Your Bank Know the True Cost?
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August 29, 2023
Source: Culain Capital
(Buffalo, NY) Culain Capital Funding LLC, a specialty finance firm focusing on responsive and efficient funding solutions for small and medium sized business in the United States announces the completion of two separate $1,500,000 million Accounts Receivable Factoring and Purchase Order Facilities.
The first $1.5MM facility is with a Connecticut-based global distributor of medical supplies and the second facility of $1.5MM is with a New York based global distributor of biodegradable health and beauty products. Both facilities provide purchase order financing for the procurement of products from overseas vendors and then transition the capital to an accounts receivable factoring facility upon invoicing to customers.
With an overwhelming demand for their product, these companies had complex business issues that could only be provided by a company like Culain Capital,” said Senior Vice-President Neal Polshuk. “Their necessity for execution capital and post-invoice cash flow has allowed them to quickly drive their business to an expected 10X+ growth. Culain Capital has the industry knowledge and experience to advise business owners on the working capital needed to grow their companies”.
“The structuring of a combined purchase order finance and accounts receivable facility demonstrates the creativity, flexibility and experience of the Culain Capital team. Company management understood that they would not qualify for traditional bank financing and sought out Culain Capital for our innovation and responsiveness,” said Chief Credit Officer, Joseph Heim. “At Culain, we are Client-Centered, meaning our mission is to help our clients identify, understand and improve their working capital through efficient and effective funding and financing solutions. Being client-centered, the finance professionals at Culain Capital are uniquely qualified to assist entrepreneurs and their companies grow and become established in their respective industries. Culain Capital looks forward to working with other dynamic startups and providing the funding they need to become highly successful companies”.
For more information about Culain Capital Funding, please visit www.culaincapital.com or contact Neal Polshuk at 716.919.1322 or npolshuk@culaincapital.com
About Culain Capital Funding
Culain Capital Funding is a specialty finance company focused on factoring in the United States founded in 2022 by James Franz, Fred Kulikowski, Joseph Heim, and Jim Jarosz. As a privately held company, Culain is committed to providing specialty funding to industries nationwide.
