US Capital Partners Provides Financing Scalable to $5 Million for Hans Drake International


Posted October 9, 2013 by associate12

US Capital Partners, LLC has put in place custom financing for a leading producer and distributor of nutritional products for enhanced workout performance and weight loss.

 
San Francisco, CA, October 09, 2013 -- US Capital Partners, LLC has provided a $1.5 million accounts receivable line of credit scalable to $5 million for Hans Drake International Corporation (“Hans Drake”), headquartered in Irvine, CA. US Capital Partners is a private investment bank that makes direct debt investments, participates in debt facilities, and arranges equity placements for small to lower middle market companies.

“We are extremely pleased with this intelligently structured, scalable financing, which was designed specifically to support our business growth,” said David R. Garcia, President and CEO at Hans Drake. “Recently, there has been a strong increase in demand for our quality product lines from new domestic and international retailers and distributors. This new credit facility will provide the additional working capital we need to increase our inventory and fulfill new orders.”

“We are delighted to have structured and provided financing that is scalable to $5 million for Hans Drake,” said Jeffrey Sweeney, CEO and Managing Director at US Capital Partners. “With a hundred percent of the company’s receivables with a single customer in Australia, this represented a challenging situation for most traditional lenders. Despite concentration risk combined with foreign customer risk, US Capital Partners was able to provide a scalable line of credit that not only leveraged Hans Drake’s foreign receivables but also secured the line for receivables expected to be generated through new US customers. Importantly, US Capital Partners was able to design a debt facility that did not require a personal guarantee.”

About Hans Drake International Corporation:
Hans Drake is a leader in the world of nutritional products for enhanced fitness workout performance and weight management. The company currently produces a growing range of high-quality branded product lines, which it distributes throughout the United States and abroad. These include its own clinically tested weight management compound, pre-workout drink, sugar free creatine powder, and weight loss supplement. Hans Drake was founded in 2004, and is headquartered in Irvine, CA.

About US Capital Partners, LLC:
Since 1998, US Capital Partners (www.uscapitalpartners.net) has been providing prompt, innovative, and reliable financing solutions including lending, equity financing, and debt re-structuring to businesses across the United States and abroad. US Capital Partners is a private investment bank, direct lender, co-lender, and lead financial arranger that specializes in asset-based debt for small to middle market private and public companies. The company’s innovative approach allows it to provide the best financing available, not only for companies in excellent financial condition, but also for companies that may have been refused credit by traditional lenders.

To learn more about how your business can secure the funding it needs, email Jeffrey Sweeney, CEO and Managing Director, at [email protected] or call (415) 889-1010.

Contact:
Hilary Adams
US Capital Partners, LLC
555 Montgomery Street, Suite 1501
San Francisco, CA 94111
415-889-1010
[email protected]
http://www.uscapitalpartners.net
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Contact Email [email protected]
Issued By Hilary Adams
Phone 415-889-1010
Business Address 555 Montgomery Street, Suite 1501
Country United States
Categories Finance
Tags distributors , financing , investments , retailers
Last Updated October 9, 2013