Here at the Commercial Finance Group in Atlanta, we often base the discussion of our lending solutions around the way that they can help small to mid-sized businesses recover from cash flow problems or mobilize working capital to facilitate growth. But it’s important to remember that financial products like our asset-based lending solutions do more than just keep the doors of local businesses open. In many cases, asset-based lending has been shown to support large businesses as well, creating a major economic force that keeps resources circulating between clients and companies.
While we’ve found that our financial solutions are often most useful for companies in their early stages of growth, we also enjoy working with companies that have hundreds of employees and operate in a number of different locations across the country.
To demonstrate the economic power of asset-based lending, let’s take a look at three larger companies that recently took advantage of this alternative to traditional business loans.
Three Companies Who Recently Took Advantage Of Asset-Based Financing
Air Waves, LLC – This company is a leading provider of on demand garment printing and fulfillment services, and is headquartered in Lewis Center, Ohio. Air Waves was recently the recipient of a $9.32 million senior credit facility which was used to support its asset purchase by a consortium of sponsors, as well as ongoing working capital needs.
“We value our relationships with our key partners and we look forward to enhancing our relationship with all the participants in this facility. MB Business Capital welcomes Air Waves as a new customer and we support their continued success,” Michael Sharkey, President of MB Business Capital, said of the transaction in a recent press release.
Corbett Technology Solutions, Inc.- This company is a leading integrator of high-impact communications solutions, designing, installing, and maintaining complex audiovisual, sound, safety, healthcare, and education communications technology equipment for clients across multiple industries. Asset-based lending solutions were recently used to fund a senior credit facility that will support private equity sponsor Tower Arch Capital’s recapitalization of Corbett Technology Solutions.
Unified Logistics Holdings, LLC – This company is a provider of specialized freight services to a variety of industries. Recently, Unified was the recipient of an asset-based senior secured term loan that helped them refinance existing debt and create working capital. “We are very happy and pleased with the partnership created with Great American Capital Partners. Great American’s creativity and collateral focus enabled it to provide a financial solution that will allow our company to achieve its operational objectives,” Geoffrey Davis, the CEO of Unified Logistics, said of the asset-based lending company that facilitated the transaction.
Asset-Based Lending For Your Business, No matter What The Size
While these high dollar transactions are very impressive, it’s important to remember that asset-based lending solutions are accessible by companies at every stage of growth. If you’re looking to finance new facilities, equipment, or staff expansion, contact The Commercial Finance Group in Atlanta today. We’d love to discuss all of the options we can make available to you.
