Graystone Capital Provides a $2.5 Million credit facility to Pacific Northwest headquartered Cargo and Courier Company

Graystone Quarry Rocks
Graystone Quarry Rocks
  • Graystone Quarry Rocks
    Graystone Quarry Rocks
    Graystone Quarry Rocks
    Graystone Quarry Rocks

San Jose, California (March 7, 2012) - Graystone Capital has announced the issuance of a $2.5 Million credit facility to a Pacific Northwest headquartered Cargo and Courier Company. The ten year old business will utilize the loan proceeds to support their working capital needs as they broaden their operations into the California market.

The credit facility is part and parcel of a corporate restructure that entails the collapse of several entities into a single operating company that is held by the existing holding company. It included Graystone Capital working in tandem with the incumbent bank to establish an inter-creditor relationship that fostered an increased line of credit for the company as well as facilitating a low-cost term facility issued by the bank. Concurrently, the company has negotiated separate equipment financing that will enhance their rolling stock and expand their delivery fleet.

Graystone Capital’s ability to understand the elaborate and interrelated cash flows, as well as document and board the loan prior to the collapse of the various entities was instrumental in the strategic coalescence of the deal at large.  

Graystone Capital is a direct lender that specializes in asset-based lending services designed to support the growth of American companies. We are a full service shop with in-house backroom operations which enables us to render prompt funding decisions. Our Technology Finance division targets small- to-medium cap emerging technology companies with venture debt and other early-stage debt financing. These credit facilities range in size from $100,000 to $3 million.