CBC Provides a $10 Million Revolving Facility to Engineering Services Company, Burns & Roe
January 30, 2013
NEW YORK – January 30, 2013 – Capital Business Credit (CBC) (www.capitalbusinesscredit.com) has provided a $10 million revolving asset-based loan facility to Burns & Roe Group, Inc., a comprehensive engineering, procurement, construction, operations, and maintenance company providing services to private and government clients worldwide.
Capital Business Credit was able to develop a facility to meet the Company’s unique needs to support day-to-day operations.
“As a non-bank lender, we are able to work with a company like Burns & Roe and customize a solution to meet their specific needs,” said Marc Adelson, president and chief executive officer, Capital Business Credit.
“We were in search of a lender who understood our business, our company strategy and could provide us with the flexibility we needed to operate in the current economic climate,” said Russell F. Smith, Jr., senior vice president and chief financial officer, Burns & Roe. “Capital Business Credit was not only able to quickly provide us with a financial solution, they were extremely customized in their approach which will position us for future growth.”
For more information about CBC’s asset-based loan programs please visit www.capitalbusinesscredit.com or call Glenn Schwartz at 212-887-7943 or email firstname.lastname@example.org.
About Capital Business Credit
Established in 1988, Capital Business Credit, LLC (www.CapitalBusinessCredit.com) is a commercial finance company specializing in providing creative supply chain financing solutions. The Company’s service offerings include: full-service factoring; immediate cash for receivables; single debtor credit coverage; letters of credit; accounts receivable management services; inventory lending; and international financing. CBC Trade Finance, a division of CBC, provides trade finance solutions for U.S.-based importers working with Asia-based suppliers (exporters). Capital Business Credit is based in New York, with offices in Hong Kong; Shanghai; Los Angeles; Charlotte; NC; and Ft. Lauderdale, Fla.