BrightWay Capital LLC today announced the closing of a $1,000,000 credit facility for Eagle Manufacturing, Inc. Eagle Manufacturing, Inc. require the credit facility for working capital in order to fulfil orders from its major customer, Electrolux.
Online PR News – 12-January-2011 – – Dallas, Texas - January 11, 2011- BrightWay Capital LLC today announced the closing of a $1,000,000 credit facility for Eagle Manufacturing, Inc. Eagle Manufacturing, Inc. require the credit facility for working capital in order to fulfil orders from its major customer, Electrolux.
"We are pleased to extend this facility to Eagle as part of a larger relationship which will include the new electric car manufacturing plant in Webster City, Iowa, which is commonly owned and managed by the owners of Eagle Manufacturing, Inc." said Faisal Qureshi, Chief Investment Officer Officer of BrightWay Capital LLC
Joe Fleming, president of Eagle Manufacturing, Inc. said "This facility frees up some financial resources and allows Eagle to continue taking care of our existing electronic component business, as we continue to invest into our new electric car manufacturing business."
About BrightWay Capital, LLC
BrightWay Capital LLC, based in Dallas, Texas, is a private investment firm focused on financing innovative growth companies in the USA and Canada, and strategic projects in the Emerging Markets. BrightWay's Growth Finance offering combines features of early stage equity investing with asset based lending, fulfilling a gap between traditional bank financing and angel/venture capital. Jehangir A. Raja is the Chief Executive Officer. For more information, visit www.BrightWayCap.com or contact Faisal Qureshi (1-817-328-6155 or firstname.lastname@example.org).
Eagle Manufacturing, based in Webster City, Iowa specializes in metal stamping, manufacturing and assembly related to electrical appliances. For 14 years, Eagle has been a subcontractor for Electrolux, the world's second largest home appliance maker. Eagle has recently launched a new division based in Webster City focused exclusively on the assembly of electric cars. For more information contact Kyle Thompson (1-515- 661-6136 or email@example.com).