Graystone Capital has provided a $700K Accounts Receivable line of credit to a 25 year old perishable food/frozen food transportation company located in the greater Chicago Illinois area.
"We are excited to have the opportunity to partner with such a well-respected refrigerated trucking company that transports and delivers product to nearly half the States in America. Despite the company’s voluminous amount of individual freight bills/invoices, a direct result of their extensive LTL deliveries, Graystone Capital was able to custom tailor a streamlined ABL borrowing base style of lending in order to minimize the companies reporting requirements and provide them with the necessary capital to adequately support the company funding needs.”, said Kevin O’Hare, CEO of Graystone.
Graystone Capital is a privately held commercial finance company that is based out of the Silicon Valley (San Francisco Bay Area). It operates as a direct lender that specializes in asset-based lending services designed to support the growth of American companies. Graystone Capital is a full service shop with its own in-house backroom operations. Its 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 $250,000 to $5 million.