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Pathway Capital Corp. Closes $7 Million Revolving Credit Facility for New Jersey Logistics Company
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Pathway is Sole Arranger on the Senior Secured Transaction
We are always pleased when companies come to us time and again to arrange financing efficiently to bridge cash flow needs, reduce debt service or for growth capital. NYACK, N.Y. (PRWEB) February 19, 2021 Glenn Thomas, president of Pathway Capital Corp., announced that his firm closed a $7 million senior secured revolving credit facility to a regional trucking and warehousing company in northern New Jersey. Pathway acted as the sole arranger.
The revolving line of credit is collateralized by accounts receivable and inventory, and is being used by the logistics company to finance its ongoing working capital needs. The facility allowed for an 85% advance rate, an advance on unbilled receivables and a silo that enables the company to extend 120-d
Pathway Capital Corp. Arranges $3.5 Million Loan for Texas-based Company
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Nyack N.Y.-based financial advisory firm handled non-notification factoring facility for specialty hauler
There were complexities with this transaction that made it hard for other capital solutions firms to get it closed. NYACK, N.Y. (PRWEB) February 14, 2021 Pathway Capital Corp. has closed on a $3.5 million non-notification factoring facility for a startup specialty hauling company based outside of Houston, Texas. Pathway acted as sole arranger. The facility which was vital to the company’s launch provided a 90% advance on receivables purchased as well as 120-day terms on numerous accounts.
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