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UMB Capital Finance Closes $21.3MM+ in Asset-Based Credit Facilities

May 07, 2020, 07:10 AM

UMB Capital Finance continues to fund millions in senior debt capital needs with the recent closings of four asset-based credit facilities. These new secured lines with commitments in excess of $21.3 million provide further financing resources to an oil and gas distributor, an IT staffing and solutions provider, a craft brewery, and to Grunt Style, LLC, a manufacturer and marketer of apparel.

These long-term financing accommodations include a variety of customized products including revolving lines of credit, equipment term loans and real estate term loans. UMB Capital Finance’s comprehensive suite of product solutions will enable these clients to meet their working capital needs, refinance their existing debt, purchase additional equipment and exceed their business growth expectations.

Andy Butler, Director at C3 Capital, said, “The UMB team remained flexible throughout the diligence process to meet the needs of Grunt Style. Alongside UMB and other partners, we are positioned for continued success in the years to come.”

UMB Capital Finance provides asset-based financing solutions delivered with an individualized approach to account management. For this solution, it typically serves middle-market companies with annual revenues from $10 million to $300 million. It provides asset-based financing up to $50 million via lines of credit secured by accounts receivable and inventory, and term loans supported by equipment, real estate and cash flow.

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