RKP, LLC
Company: RKP, LLC (“Company”)
Financing Amount: $3,000,000 Accounts Receivable Line of Credit
Financing Date: November 11, 2022
About the Company
RKP, LLC (“RKP” the “Company”) is a Bothell, WA based distributor of electronics products. The company distributes well know products from Samsung, Google, Xiaomi, Vivo, Oppo and Motorola among other brands.
Situation
RPK approached Alantes with a large amount of high cost debt and the company was desperately in need of working capital. This coupled with the increased demand for consumer products put the company in a working capital crunch.
Solution
Alantes secured a $3,000,000 Non-notified Accounts Receivable Line of Credit which allowed the company to pay off its existing debt and finance working capital moving forward. The fully scalable $3,000,000 line of credit represents the optimal capital structure available for the Company’s current situation and drastically reduced the Company’s cost of capital resulting in increased cash flow. “We are extremely happy that Alantes was able to refinance our high cost short term debt and relieve debt service pressure on the company” explained Chiraq Patel, the Company’s founder “We look forward to the continued relationship with Alantes as we continue to move through the capital markets”.
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
234 5th Avenue, 2nd Fl
New York, NY 10001
www.alantes.com
