Veritas Financial Partners ('Veritas'), a leading specialty finance company, is pleased to announce two recent fundings totaling $10.5 million through its strategic referral relationship with UBS Financial Services Inc. ('UBS'). Through this referral program, Veritas provides working capital and other specialty finance solutions to UBS clients.
Having a referral relationship with Veritas enables UBS to offer business owners access to financing options they may not have considered in the past.
Two recent transactions illustrate how Veritas gives UBS financial advisors a dynamic tool to help clients while strengthening their client relationships. In one, UBS referred a client who needed working capital to take advantage of market opportunities. Veritas helped this fourth-generation, family-owned specialty food distributor with a $7.5 million credit facility to support its future growth.
In a separate transaction, Veritas helped a UBS client refinance their existing senior debt with a $3 million credit facility that also provided additional working capital. The privately-held company is one of the oldest distributors of electronic components in the United States.
Veritas offers flexible asset-based financing solutions, revolving lines of credit and term loans from $2 to $20 million for small and middle market businesses. Financing is provided for new growth opportunities, turnarounds, acquisitions or restructuring and recapitalization.
Veritas tailors financing solutions for each business to help them transition from where they are to where they want to be. At the same time, UBS is assured their clients and prospects receive skilled support from a dedicated team of professionals.
With a substantial capital base, Veritas continues to evolve as a financial leader, developing innovative solutions and forming strategic relationships with financial institutions to give their customers more options.
About Veritas Financial Partners
Veritas Financial Partners is a specialty finance firm that provides $2 – $20 million senior secured credit solutions to businesses across various industries. Veritas serves entrepreneurs, management teams and private equity sponsors by delivering the flexible, responsive capital needed to achieve their goals. As an affiliate of an investment fund with $2.5 billion in assets under management, Veritas benefits from a substantial long-term capital base.