BCMS Capital Advisors, LLC secures a $2.4 million Accounts Receivable Factoring Agreement on behalf of Dart Trucking Company, Inc. and Dart Transport, Inc.

Dart Trucking Company, Inc. specializes in the transportation services primarily to one customer Calgon Carbon Corporation (“Calgon”) (NYSE: CCC) which represents approximately 92% of the company’s fiscal 2010 revenues. Calgon is a global leader in products, services and solutions for purifying water and air. Dart Transport, Inc. provides general transportation for companies in the Northeast and manages owner operators.  

Tim Kephart, President and CEO of both Trucking and Transport was notified on September 7, 2011 that his banking relationship was being terminated for both companies. Tim Kephart contacted BCMS in an attempt to secure financing for both companies in a very short time frame. BCMS initially contacted 5 key special situation lending sources. After substantial discussions and negotiations, BCMS received three offers to finance the transaction. Ultimately, after substantial negotiation BCMS and the Company selected Millennium Funding as their lender. The transaction was organized by BCMS Deal Leader, Rick Zytkowicz. 

Term: 1 year

Advance Rate: 90%

Effective Cost of Capital: 23%

Services Provided: Secured a $2.4 million Accounts Receivable Factoring Agreement

Duration: 5 weeks

About Dart Trucking Company, Inc. & Dart Transport, Inc.

Dart Trucking Company, Inc. is one of the largest waste transporters in the country, capable of handling any live stream or remedial project. Dart is a wholly owned subsidiary of Dart America, Inc. having its principal business office at North Lima, Ohio. BMC International, Inc. is the parent company of Dart America, Inc. and is owned 100% by Tim Kephart. For additional information please visit their website, www.dartamerica.com.