Financing Amount: $2,750,000 Financing Date: December 8, 2017
About The Company
Allnite Trucking, Ltd. (the “Company”) was started by Jim Szmyrko and is a premier specialized transportation company operating in Alberta’s oil and gas sector. Jim started out with two winch tractors and a picker with a vision of one day becoming a premier specialized transportation service provider and have become very successful in that feat. Allnite Trucking has grown to a large diversified fleet, a 10 bay licensed shop and a proud state of the art training facility located at the head office in Boyle, AB.
With a growing customer base and presence in the Alberta region, ANT needed the right financial structure and pricing to help propel them into the next stage. In order to maximize their profits and fulfill the increased demand that they were seeing, Allnite needed to transition to a credit facility that was accommodating to their industry, sales cycle while still providing them with the necessary capital to grow.
Alantes secured a $1,250,000 accounts receivable line of credit in addition to a $1,500,000 machinery and equipment term loan based on the existing fleet of trucks in order to restructure the outstanding debt to a lower cost of capital and provide additional working capital to the Company. “Alantes’ expertise and deep connections in the capital markets was able to provide me with the appropriate financing for me and my team,” said Allnite’s President and Owner Jim Szmyrko. “As we start to build out our brand, improve our reputation and service our clients, Alantes will be trusted to be there supporting us through every step of our growth trajectory.”
Alantes Corporate Finance (“Alantes”) specializes in capital raises and strategic advisory for small to middle market businesses across the nation. Our team prides itself on our ability to provide unique solutions for all of your business needs. Whether you're looking to acquire a new company or additional working capital for operations, Alantes is your trusted source for business growth and expansion. Our multi-faceted approach allows us to craft creative solutions that adds value at the most critical junctures so you can focus your resources on core business activities.
For more information on this transaction, contact Alantes Corporate Finance at firstname.lastname@example.org.
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