Posted: Wed Feb 01, 2012 1:44 am Post subject: US Capital Partners Serves as Lead Arranger of $7.75 Million
US Capital Partners has arranged $7.75 million in financing for an expanding wholesale distributor of national branded flooring and interior surfacing products.
San Francisco, CA, February 01, 2012 -- US Capital Partners, LLC (“USCP”) has secured a $7.75 million credit facility for Butler-Johnson Corporation (“BJC”), headquartered in San Jose, CA. US Capital Partners is a private investment bank, direct lender, co-lender, and lead financial arranger that specializes in business loans for small to middle market companies.
“We approached US Capital Partners to refinance an existing line of credit, as well as to provide additional working capital to support expansion,” said Rolston Johnson, CEO of BJC. “US Capital Partners successfully arranged a $7 million line of credit for us, as well as a $750,000 new term loan to fund further growth. We are extremely pleased with the result.”
“Smaller businesses often find themselves locked in inappropriate financing structures,” said Jeffrey Sweeney, CEO and Managing Director of US Capital Partners. “US Capital Partners helped refinance BJC’s accounts receivable and inventory line of credit facility and increased its accounts receivable and inventory line of credit availability to support BJC’s ongoing expansion. We are delighted to have assisted this established California-based distributor.”
About Butler-Johnson Corporation
Established in 1960, Butler-Johnson Corporation is a wholesale distributor of quality branded flooring, countertops, tile, natural stone, and other interior surfacing products. The company sells primarily to retailers, small manufacturers, and fabricators in the Northern California and Northwestern Nevada region from its facilities in Sacramento and San Jose. Butler-Johnson Corporation is an exclusive distributor for DuPont and Mannington Mills in Northern California.
About US Capital Partners, LLC
Since 1998, US Capital Partners (www.uscapitalpartners.net) has been providing prompt, innovative, and reliable financing solutions including lending, corporate financing, and debt re-structuring to businesses across the United States and abroad. US Capital Partners is a private investment bank, direct lender, co-lender, and lead financial arranger that specializes in asset-based debt for small to middle-market private and public companies. The company’s innovative approach allows it to provide the best financing available, not only for companies in excellent financial condition, but also for companies that may have been refused credit by traditional lenders.
If you would like to know more about how your business can secure the funding it needs, contact Marin McElhany, VP of Sales/Marketing, at email@example.com or call (415) 889-1010.
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