Capital Business Provides $13MM Robbins Facility
March 1, 2016
Robbins, a flooring company, selected Capital Business Credit (CBC) to provide both an asset-based revolving line of credit as well as a term loan, totaling approximately $13 million.
Robbins is comprised of Robbin’ Sports Surfaces, a supplier of high performance sports flooring systems to the NBA, WNBA, NCAA, arena, education, religious and fitness markets, and Stoehr Flooring, a manufacturer of hardwood flooring for the commercial and residential sectors.
“As we looked for financial solutions beyond the traditional banking sector, it was important that we found a partner that understood our business model and would be able to quickly underwrite and provide us with the working and growth capital we needed. We found all of this in Capital Business Credit,” said James H. Stoehr III, president and CEO of Robbins.
“Robbins is a great example of how Capital Business Credit can quickly provide financing to companies,” said Malcom Ferguson, regional manager, CBC. “Given our array of asset-based, trade finance and factoring products, we are able to determine what type of facility will best support a company’s objective and then create a program support their needs.”
CBC is a global financial products and services company that provides factoring, accounts receivable management services, inventory lending, asset-based lending and international financing.