PRESS-NEWS.org - Press Release Distribution
PRESS RELEASES DISTRIBUTION

Hennessey Capital Positions Companies for Success

Hennessey Capital continues to contribute to Michigan's economy by celebrating the success of three clients that leveraged the company's asset-based lending programs.

2012-10-25
ROCHESTER, MI, October 25, 2012 (Press-News.org) Hennessey Capital, a Michigan-based finance firm offering accounts receivable and inventory financing, is celebrating the success of three clients that leveraged the company's asset-based lending programs to grow their businesses and obtain additional financing.

Hennessey Capital's typical clients are often growing and in need of increased cash flow, but do not meet the stringent requirements of many banks. The firm offers a variety of flexible lending options, including accounts receivable financing along with traditional asset-based lines of credit.

"It's always our goal to provide clients the cash they need to finance new business opportunities. We're finding that in today's market, these opportunities are more prevalent than we have seen in years." said Mike Semanco, president and COO. "By helping clients successfully reach the next stage of their business lifecycle, they're able to grow and thrive and we're able to further contribute to the success of Michigan's economy."

Control-Tec, located in Allen Park, took advantage of a $1 million commercial finance line of credit from Hennessey Capital in 2011. As a provider of cloud-based telematic data acquisition, management, and analysis services to the automotive, heavy truck, and rail industries, the company was able to make effective and timely business and short-term investment decisions to drive and deliver growth opportunities with the new funding.

"We immediately recognized the potential value and partnership that Hennessey Capital could deliver," said James R. Megyesi, CFO, Control-Tec. "Our business model was positioned for success, but Hennessey Capital filled the often overlooked need of sustainable cash flow to fuel a growing business. With their assistance, Control-Tec was able to achieve the next level of revenue and profitability."

Other companies that achieved notable success with Hennessey Capital's assistance include a Michigan-based engineering and manufacturing company who used their $1 million line of credit to restructure bank debt and fund current operations. They were a client from August 2010 until June 2012, at which time the company was able to obtain an SBA loan from a local community bank. Another Michigan-based client in the HVAC industry also took advantage of a $1 million line of credit, which was used to fund their ongoing business operations for nine months until they were financed by a regional bank.

Additionally, Hennessey Capital recently financed two staffing companies, each securing a $250,000 factoring facility to help them hire additional staff to achieve greater growth. The firm also financed a logistics management service company that is using an $800,000 line of credit to address accumulated vendor debt as a result of their growth and the absence of a traditional working capital facility.

Since its inception in 2002, Hennessey Capital has provided $680 million to 270 high-growth companies, further enhancing their clients' profitability and strengthening their cash flow. Additionally, the company's reach has expanded far beyond its Michigan headquarters, with clients in New York, Georgia, Florida, Pennsylvania, Ohio, Texas, and California.

For more information, visit hennesseycap.com or call (248) 658-1100.

Hennessey Capital provides working capital options for growing business-to-business companies that are post-revenue, in transition, or otherwise do not meet the credit guidelines of traditional bank lending. Products and services include factoring, asset-based lending programs, collateral management services, and business coaching. Visit hennesseycap.com for more information.


ELSE PRESS RELEASES FROM THIS DATE:

School Bullying/Violence Conference coming to Arizona

2012-10-25
Introducing the latest international research on school (k-12) bullying and violence, the 'Standing Up To Bullying' conference is designed to empower and equip school administrators, educators, social workers, counselors, psychologists, and others who work with children with skills and tools designed to recognize, minimize or eradicate school bullying and violence. The strategies, techniques, and interventions cited in this conference equally spans elementary thru high school students. This conference will be held twice at each of the following Arizona locations: Quality ...

Barrie Mayor Tours Shred North in an Effort to Increase Awareness of Identity Theft

2012-10-25
Shred North, the local paper shredding company in Barrie, Ontario recently welcomed Barrie Mayor Jeff Lehman on a tour of their facility in an effort to increase awareness of identity theft in the community. According to a survey conducted by the Canadian Privacy Commissioner's office in 2010, 1 in 6 Canadians have already been victims of identity theft. "One of the best ways to help decrease identity theft in our community is through increased awareness of the issue", states Daryl Woytowicz, General Manager of Shred North. "Many people do not realize ...

Fresh Juice Adds Another Disney Tech Wizard to Team

2012-10-25
Neal Lassila, President and CEO of Fresh Juice Global, announced recently that he had hired Jim Crosby to be the firm's new Vice President, Client and Software Services. "I had the pleasure of working with Jim when we collaborated on the rollout of the Imagination Park design for Disney Stores, worldwide," remarked Lassila. "There, I had the chance to observe Jim's exceptional understanding of not only the technical aspects of our business, but the people management skills required as well." Crosby's role as Fresh Juice evolves will include working ...

Aviation Art On Display at Banyan

2012-10-25
"We are always looking for unique and interesting displays for our spacious lobby," says Nancy Bouvier, Banyan's director of marketing. "We like to keep it interesting for our customers and have had a variety of displays including boats, golf carts, cars, paddle boards, and now aviation art." The display includes The Martin-Young Aviation Collection created by artists Frank Martin and Judeen Young. They have fused their award-winning artistic techniques to create an aviation art collection ranging from the evolution of flight and classic military ...

Appointment-Plus to Release Mobile Scheduling App for iPad Mini

2012-10-25
Appointment-Plus, the worldwide leader in mobile and online scheduling solutions, is pleased to report that our existing native mobile scheduling app will be available for the just-announced iPad Mini, which Apple intends to release on November 2nd. The app makes "on-the-go" scheduling and customer management even more convenient and efficient for businesses and organizations who utilize the iPad Mini for their operational processes. The native mobile scheduling application is free to all Appointment-Plus clients. Appointment-Plus is the only universal scheduling ...

Transformation of Touch International Website User Interface Revealed

2012-10-25
Knowing the importance of optimized interactive platforms, touch screen manufacturer, Touch International, announced today its newly renovated corporate website. Featuring enhanced navigation and a simplistic design, the site (www.touchinternational.com) demonstrates the benefit of website optimization for a better overall interactive experience for its customer. "For the past 10 years, Touch International has been a part of an industry focused on cultivating cutting-edge technology designed to bridge the gap between humans and machine," explains Touch International ...

Peacock Keller-Presented 5th Annual "Off the Shelf... A Celebration of Books" Event Raises More Than $30,000 to Benefit Southwestern Pennsylvania Libraries

2012-10-25
Peacock Keller, a full-service law firm in Washington, Pa., presented its 5th Annual "Off the Shelf...A Celebration of Books" event in September 2012 which was attended by nearly 300 community members. Through the Off the Shelf event, Peacock Keller helped to raise more than $30,000 for 20 libraries in Southwestern Pennsylvania's Washington, Greene and Fayette counties. Held at the Hilton Garden Inn Pittsburgh/Southpointe in Canonsburg, Pa., the unique evening of entertainment featured a presentation by Rolling Stone Magazine Contributing Editor, Anthony DeCurtis; ...

EatSmart Products Introduces New Tracker Digital Bathroom Scale for Holiday Giving 2012

2012-10-25
EatSmart Products is excited to announce the addition of a new bathroom scale to their product line, the EatSmartTM Precision Tracker Digital Bathroom Scale, just in time for the Holiday 2012 gift giving season. The EatSmart Precision Tracker has been uniquely engineered to give users the ability to work towards long term weight goals, while monitoring short term progress. At each weigh in, the scale displays a user's current weight, weight change from their last weigh in and total change from their starting weight. This functionality differentiates it from a standard ...

Somfy Systems Raises Awareness during Child Safety Month

2012-10-25
This Child Safety Month, Somfy Systems, Inc., the world's largest manufacturer of radio-controlled motors for interior and exterior window coverings, is educating the public about the dangers of window covering cords in households with young children. All month long Somfy will be posting safety tips on their social media pages, as well as hosting a Facebook contest to increase awareness and prevent associated tragedies. According to the U.S. Consumer Product Safety Commission, since 1990, more than 200 infants and young children have died by accidentally strangling ...

Free Consulting Services Now Offered At The Porterfield Family Law Firm

2012-10-25
If you are looking for a family law firm, you may want to consider Porterfield family law. Just recently, they announced that they are now providing free consulting services to anyone that is interested in hiring one of their lawyers or attorneys. They have several attorneys and lawyers that work under them, including Charlotte Family Lawyer Timothy Porterfield. Timothy is also recognized in a wide variety of other regions. You can find him known as attorney Timothy Porterfield Mecklenburg County as well. Timothy provides a wide variety of services, but he specializes in ...

LAST 30 PRESS RELEASES:

Premenstrual symptoms linked to increased risk of cardiovascular disease

Newly discovered remains of ancient river landscapes control ice flow in East Antarctica

Newly discovered interstellar object 'may be oldest comet ever seen'

Animal-inspired AI robot learns to navigate unfamiliar terrain

Underserved youth less likely to visit emergency department for concussion in Ontario, study finds

‘Molecular shield’ placed in the nose may soon treat common hay fever trigger

Beetles under climate stress lay larger male eggs: Wolbachia infection drives adaptive reproduction strategy in response to rising temperature and CO₂

Groundbreaking quantum study puts wave-particle duality to work

Weekly injection could be life changing for Parkinson’s patients

Toxic metals linked to impaired growth in infants in Guatemala

Being consistently physically active in adulthood linked to 30–40% lower risk of death

Nerve pain drug gabapentin linked to increased dementia, cognitive impairment risks

Children’s social care involvement common to nearly third of UK mums who died during perinatal period

‘Support, not judgement’: Study explores links between children’s social care involvement and maternal deaths

Ethnic minority and poorer children more likely to die in intensive care

Major progress in fertility preservation after treatment for cancer of the lymphatic system

Fewer complications after additional ultrasound in pregnant women who feel less fetal movement

Environmental impact of common pesticides seriously underestimated

The Milky Way could be teeming with more satellite galaxies than previously thought

New study reveals surprising reproductive secrets of a cricket-hunting parasitoid fly

Media Tip Sheet: Symposia at ESA2025

NSF CAREER Award will power UVA engineer’s research to improve drug purification

Tiny parasitoid flies show how early-life competition shapes adult success

New coating for glass promises energy-saving windows

Green spaces boost children’s cognitive skills and strengthen family well-being

Ancient trees dying faster than expected in Eastern Oregon

Study findings help hone precision of proven CVD risk tool

Most patients with advanced melanoma who received pre-surgical immunotherapy remain alive and disease free four years later

Introducing BioEmu: A generative AI Model that enables high-speed and accurate prediction of protein structural ensembles

Replacing mutated microglia with healthy microglia halts progression of genetic neurological disease in mice and humans

[Press-News.org] Hennessey Capital Positions Companies for Success
Hennessey Capital continues to contribute to Michigan's economy by celebrating the success of three clients that leveraged the company's asset-based lending programs.