Catalyst Business Funding provided a $1.8 million credit facility to finance the expansion project of a medical surgery center in the Midwest. The borrower was referred to us by one of our existing partners.
Current business is doing about $14 million in annual revenue and was looking to expand by opening 2 more locations in the state of Florida. Catalyst’s revenue based credit facility allowed our client to have the budget to secure the lease, hire additional staff, purchase equipment, and have liquidity for operating expenses and working capital for the next 6 months of the new locations.
Combined top line revenue has already improved from $14 million a year to $22 million in just 9 months.
Catalyst Business Funding provides access to quick capital for middle and lower market companies who are looking to expand their business without giving up equity or control of their operation. Contact us to discuss your financing needs and learn how we can help you.