We are excited to share the details of Green Sage Capital’s recent closing!
Closing Snapshot: Environmental Remediation company needed upfront funds to start their government contracts with the DOD, DOJ and Army. We were able to assist by leveraging their government contracts and get them a $2,000,000 line of credit (accordion/growth option up to $5,000,000) in order for them to start the contracted projects. In addition, we secured a $300,000 Term Loan for their ongoing working capital needs.
The Line of Credit was used to buy equipment, materials and labor for their government contracts and the additional Working Capital was used to pay current accounts payable as well as have working capital on hand for the anticipated growth into additional markets.
- $2,000,000 Facility Amount
- $300,000 Term Loan
- Non-recourse / AR
- Government Contract collateral based loan
- Line of Credit: 36 Month term at Prime + 3%
- Term Loan: 12 Month month term at SOFR + 10%
Call Us: We’re here! So give us a call if you have a similar scenario that you’d like to run by us. We’d love the opportunity to structure the right financing for you and your business.
Get To Know Us: We’d love for you to get to know us better. Head over and meet our Executive Team here.
