Stonegate has closed a $5MM loan for Certus Manufacturing, a manufacturer and operator of tire inflation equipment across the nation. Certus has developed a multi-functional machine which convenience store chains are embracing given the superior performance and technology of the units. Certus enters into long-term, revenue sharing agreements with both national and regional chains.
Along with an investment from Lil’ Drug Store Products, Stonegate Capital provided a versatile credit facility that is critical for the growth and expansion of the company as they continue to win new contracts. Stonegate worked with company management and recognized the collateral value in the recurring revenue of their network of machines.
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