ProMAC, a Hauppauge, NY-based provider of alternative financing solutions, has secured a follow-on $10m senior credit facility from Metropolitan Equity Partners, LLC.
The capital will allow the company to further expand its funding capabilities and sales distribution, while maintaining its focus on healthcare, business to business, and business services clients nationwide.
Founded in 2007 and led by CEO Stephen McDermott, ProMAC is an alternative financing source for professional practices and businesses having financing needs based on their electronic accounts receivable programs. Additionally, it offers financing solutions to a business with no electronic payments based on proof of healthy sales volumes.
FinSMEs
16/02/2012