Graystone Capital announced that it has entered into a Loan and Security Agreement with a nearly forty-year old security company, pursuant to which the company may borrow up to $500,000 for working capital purposes. The facility has a one-year initial term.
The Honolulu based company grew to be Hawaii’s largest independent security service. “We are excited about our new partnership and the prospects of assisting our borrower to protect the lives and property of Hawaii and its citizens. This new credit facility will allow the Company to continue to invest in growth and expand its leadership position by enabling them to more easily meet their payroll demands.” Stated Kevin O’Hare, Graystone Capital’s CEO.
Graystone Capital is a Commercial Finance Company devoted to providing a variety of high quality asset-based lending products that are offered to traditional manufacturing, distribution and service borrowers. While its Technology Finance division targets emerging technology companies seeking early revenue stage debt financing. These innovative credit facilities range in size from $50,000 to $3,000,000.00 enabling clients to gain precious cash to fuel growth, meet payroll demands, procure raw material, purchase equipment and smooth-out cash flow cycles.