US Capital Partners Provides $30 Million Credit Facility for LESS Institute


Posted May 6, 2015 by kalai03

US Capital Partners Inc. has put in place scalable financing to support the continued expansion of a nationwide provider of outpatient spine and orthopedic treatments.

 
San Francisco, CA, USA, May 06, 2015 -- US Capital Partners Inc. has provided a $30 million line of credit for LESS Institute (“LESS”), a network of surgery centers offering best-in-class outpatient and surgical care services across the United States. 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 delighted to have provided this flexible and scalable facility for LESS,” said Jeffrey Sweeney, Chairman and CEO at US Capital Partners. “Despite being a profitable and expanding business, LESS had difficulty securing traditional bank financing, because accounts receivable from medical settlements are generally deemed ineligible for financing by most traditional lenders. US Capital Partners performed a detailed analysis of the company’s proprietary billing systems and processes to better understand its operations. This allowed US Capital Partners to then structure and provide a customized $30 million facility for LESS.”

Over the past six years, LESS has been expanding its network of surgeons and its geographical footprint across the United States. The new financing by US Capital Partners provides additional growth capital and working capital for LESS to pursue its expansion plans. US Capital Partners has a strong track-record in providing best-in-class financing for middle market businesses across the United States, with a special focus on speed, structure, and efficiency of execution.

About LESS Institute:
LESS Institute was founded on the principle that surgical care should be safe, affordable, and deliver quality results. The company offers a network of surgery centers that provide outpatient spine and orthopedic treatments using carefully selected surgeons and a customized, proprietary billing system for patients’ insurance providers and legal settlements. Over the past six years LESS has expanded from Florida to multiple states, including Texas and Ohio, with further growth under way.

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 May 6, 2015