Veritas Financial Partners has completed an $8 million financing for a food packaging company based in Tennessee. The company hit a wall with its current bank and needed a comprehensive solution to propel it forward. Veritas delivered.
We provided a tailored working capital solution maximizing availability based on the company’s sales cycle.
We brought in one of our SBA partners to provide 100% equipment financing on $4 million of new manufacturing equipment.
We closed the transaction within 54 days, allowing the borrower to focus on opening its new manufacturing facility.
Veritas Financial Partners
We provide more than just money. We provide entrepreneurs and private equity sponsors the fuel needed to propel their businesses forward with a flexible, responsive, trustworthy partner. As the portfolio company of a $1.5 billion asset manager, Veritas has a substantial long term capital base and is ready to lend. Veritas targets $2 – 10 million credit facilities, and routinely structures larger transactions.
When companies in transition need speed and certainty, Veritas is ready to parachute in with the solution.