Business Capital Delivers $7,200,000 Accounts Receivable Line of Credit for High-End Supplier of Network Servers & Cyber Security
A leader in cyber security and high-end network control solutions, the company has deployed its products in a wide range of environments. Global customer base includes leading enterprise organizations, intelligence agencies, military organizations and service providers for applications in defense, surveillance, monitoring and flow analysis. The company is privately-held and is headquartered in the San Francisco Bay Area with office locations worldwide
The company sold its software division to a private equity firm that contacted Business Capital to secure funding to bolster liquidity, complete the transaction and grow the hardware division. Financing was needed quickly, in the 15 day range.
Faced with a challenging time frame, Business Capital quickly and was able to structure and deliver a credit facility based on accounts receivable. The new liquidity, will allow the company to close the sale and continue to grow.