Tenna, LLC
Company: Tenna, LLC (“Company”)
Financing Amount: $2,500,000
Financing Date: April 19, 2022
About the Company
Tenna, LLC (“Company”) is a construction technology platform that revolutionizes equipment fleet operations. Going beyond tracking, Tenna blends cutting-edge technology with more than 100 years of construction experience to help companies know more, control more and make more. With their technology and products, construction companies are better able to manage and track their mixed asset fleet using real-time data and analytics.
Situation
With the term loan previously closed, Tenna experienced a massive growth opportunity. The Company needed a line of credit facility that would make use of the current customers and give them dry powder to bring on and service additional clients. In addition, it would need to be a facility that would continue to scale along with the Company’s speed and trajectory.
Solution
Alantes secured an $1,500,000 accounts receivable line of credit facility and a $1,000,000 machinery & equipment term loan that allowed the Company to obtain additional working capital and additional equipment on top of the previously secured M&E term loan. “We’re ecstatic to have closed another one with the Alantes team,” said Tenna’s Marc Hesse. “Secured a scalable facility that will grow with us was instrumental when we closed the previous term loan. This really helps us maximize the momentum of our growth as business continues to grow and we’re able to service every subsequent new client at no cost to speed or quality.”
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
