Business Capital Structures & Secures $9 Million Multi-Tranche Credit Facility for Leading Provider of Professional Binding Solutions.
The company is a manufacturer of professional desktop binding, photo-binding machines and consumable products sold worldwide. In business for three decades, the company is the world leader and inventor of the tabletop machines that produce customized, professional quality bindings and hardcovers which has brought professional binding capabilities to the office environment. Their bind-on-demand technology is used by government and many fortune 500 companies.
The client had significant capital and R&D expenditures associated with updating their antiquated product line, which impacted revenue sources. Their incumbent bank was unwilling to provide additional working capital. After an aggressive turnaround effort, the company was seeking alternative financing to assist in attaining their immediate and long-term plans for growth.
Business Capital was able to understand the complex nature of the client’s situation and financing needs to structure and secure a multi-layer credit facility comprised of Accounts Receivable, Inventory, EXIM (Export/Import), Real Estate and SBA facilities. Business Capital executed the transaction quickly and at an affordable cost of capital, allowing them to achieve their future plans for growth.
“Business Capital provided welcome strategic insight, leadership and focus that enabled Powis Parker to secure a cost-effective financial solution in this fragmented lending market. The pricing and structure of the credit facilities will assist us in attaining our immediate and long-term plan to grow the business. ”
Richard Heaps, Powis Parker President & CEO