US Capital Partners Provides $3 Million Line of Credit for Direct Communication Solutions


Posted April 29, 2015 by kalai03

US Capital Partners Inc. has put in place financing to support the continued expansion of an industry-leading developer of wireless technology solutions.

 
San Francisco, CA, USA, April 29, 2015 -- US Capital Partners Inc. has provided a $3 million credit facility for Direct Communication Solutions, Inc. (“DCS”), headquartered in San Diego, California. US Capital Partners is a private investment bank that makes direct debt investments, participates in debt facilities, and underwrites debt and equity private placements for small and medium-sized businesses.

“We are extremely pleased with this well-structured, scalable financing, which provides additional working capital to pursue our business growth plans” said Chris Bursey, Founder and Managing Partner at DCS. “Our firm is committed to providing world-class products, services, and solutions for the emerging M2M industry. This new financing increases our ability to execute on our ongoing strategy of developing exciting new products and services for the industry, while accomplishing our more immediate business objectives for the year.”

“We are delighted to have provided this $3 million accounts receivable and inventory line of credit for DCS,” said Jeffrey Sweeney, Chairman and CEO at US Capital Partners. “The company needed to buy out an existing partner in the business, as well as to put in place a more expansive financing structure. DCS’s financing covenants and facility size restricted the company’s ability to accomplish its business objectives. US Capital Partners was able to leverage the assets of the business in order to provide a larger, less restrictive asset-based facility for the company. The financing also provided additional working capital for pursuing growth opportunities.”

About Direct Communication Solutions, Inc.:
DCS is an industry-leading developer of wireless technology solutions for customers across all verticals within the emerging machine-to-machine (M2M) industry. The company provides embedded wireless modules and antennas, premium integration support to achieve carrier certification, and a range of world-class products and services for the M2M market. DCS evolved from a hardware distribution outlet into a full service M2M solution provider working with the most trusted names in the industry, including AT&T, CalAmp, Sprint, Taoglas, T-Mobile, Verizon, Telit Wireless, Telus Mobility, and 7 Layers.

About US Capital Partners Inc.:
Since 1998, US Capital Partners (www.uscapitalpartners.net) has been providing well-structured, custom financing solutions to private and public companies with $5 million to $100 million in sales. Headquartered in San Francisco, US Capital Partners is a full-service private investment bank that makes direct debt investments between $500,000 and $30 million, participates in debt facilities, and underwrites debt and equity private placements. The firm also offers financial advisory services for buy-side and sell-side engagements and for capital formation, including early-stage financings requiring equity or debt.

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

Contact:
Natalya Fedorova
US Capital Partners Inc
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 Natalya Fedorova
Country United States
Categories Finance
Last Updated April 29, 2015