Catalyst Business Funding provided a total of $4 million dollar funding for a provider of speciality beds and mattresses. We initially provided the borrower with a $2 million working capital loan based on their revenue followed by a $2 million equipment lease facility.
Borrower provides specialty beds & mattresses to hospitals and recovery centers and was able to secure a big contract with one of the largest providers in the United States. They use our revenue based working capital to cover the upfront cost of their expansion including additional employees, transportation & storage expenses. Equipment lease line also helped them purchase additional equipment and inventory to help them meet the demand from the new contact.
Annual gross: $22,000,000
Monthly revenue: $1.8 million
Catalyst Business Funding provides access to quick capital to businesses who are looking to grow and scale up. Some of our clients already have senior debt in place from their bank or SBA and need additional capital. Contact us to discuss your financing needs and learn how we can help you.