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Graystone Capital Provides A/R Financing to Educational Training Firms

Friday, November 20, 2009

Graystone Capital said it has provided two related educational training companies located in California and Texas a collective $1.2 million accounts receivable financing line of credit.

In addition, Graystone said it has also provided a $600,000 pro forma financing line of credit that is designed to support pre-revenue production work in process.

"This deal was unusual due to the borrowers request to leverage their work in process production. Due to their monthly contractual billing methods and our ability to validate the exact work in process dollars, we were able to structure a creative set of credit facilities that will support the anticipated growth of our client," said Kevin O'Hare Graystone Capital chief executive officer.

San Francisco, CA-based Graystone Capital specializes in asset-based lending as well as factoring services designed to support the growth of American companies. 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 $100,000 to $2 million.



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