Brisbon Transportation Services, LLC.
Alantes Service(s): Capital Raising
Financing Amount: $650,000
Financing Date: August 17, 2018
About The Company
Brisbon Transportation Services, LLC (the “Company”) operating under Triangle Corporate Coach, (“TCC” or the “Company”) was founded by Travis Brisbon and is the premier chauffeured ground transportation provider, headquartered in Durham, North Carolina. Mr. Brisbon’s background spans across multiple disciplines to include logistics, operations, project management and sales. This diverse background has enabled him to apply those experiences and skills professionally obtained in America’s corporate niche to the ground transportation industry. Mr. Brisbon has a proven track record of building high performance teams and delivering quality products and services to the clients he serves.
TCC prides themselves on satisfying the customer’s overall experience when leveraging their chauffeured transportation services. These services range from corporate chauffeured cars to chartered buses and limos for weddings and/or parties. In this industry, it is not only about whether your chauffeur showed up on time for your appointment, or whether the vehicle you ordered was detailed to your expectations. Complimentary items such as chilled water, mints and daily periodicals are not an optional amenity at Triangle Corporate Coach – they are a requirement.
Situation
As is the case with many small businesses, company growth is often coupled with the risk of expensive debt or giving away ownership of the company. In addition, funds are not always readily available for expansion efforts. Brisbon Transportation Services had been riddled with expensive debt and needed capital to replace the pricier funds with a more sustainable facility. The success and growth of TCC also required that the Company secure funds in order to fulfill the increased demand for their services in the area.
Solution
Alantes secured a $250,000 accounts receivable line of credit in addition to a $400,000 term loan. This allowed the company to refinance some previously existing and expensive debt on the books. In addition, TCC was able to use the additional working capital to purchase new vehicles to expand its existing fleet. The six-year old company now has a lower cost financing product that allows them to grow with a strong lending partner that understands the nuances of the business and is able to grow as TCC grows. “Alantes was instrumental in helping us secure this financing for us,” said Travis Brisbon. “The process can be painful and arduous sometimes but the team at Alantes really went out of their way to make sure it was a seamless process and prioritized our business’ needs first.”
About Alantes
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 info@alantes.com.
Alantes Corporate Finance, LLC
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New York, NY 10017
