Altriarch Asset Management, LLC (“Altriarch”) is pleased to announce the closing of a $10 million senior revolving credit facility, with two $5 million accordions that can expand the facility up to $20 million, for a Texas-based invoice factoring company (the “Company”).
With more than 30 years in business, the Company provides accounts receivable factoring, purchase order financing, and asset-based lending to small and mid-sized businesses across logistics, transportation, mechanical services, and other service-oriented sectors. The Company manages the full financing lifecycle, including client onboarding, underwriting, monitoring, portfolio analysis, and collections.
The facility will refinance the Company’s existing senior facility and provide growth capital to support the continued expansion of its client base.
“We are pleased to provide a senior capital solution that supports a seasoned factoring operator as it scales,” said Joe Menton, Vice President at Altriarch. “Our approach combines financial flexibility with rigorous risk management, and we look forward to supporting the Company’s continued growth.”.
Note: This announcement contains forward-looking statements subject to risks and uncertainties. Actual results may differ.
