Opus Bank’s Commercial Banking division provides Prosum, Inc. with a $3,000,000 credit facility to position the company for growth
Overview of Transaction
Prosum, Inc. (“Prosum”) was founded in 1996 and is currently headquartered in El Segundo, CA.
Prosum works with medium to large-sized U.S.-based companies to provide Microsoft® Solutions, SAP® Solutions, Managed Services, and Staffing Services. Prosum is a managed Gold Microsoft Partner® and SAP Partner™. Prosum has offices in the Los Angeles, Orange County, and Denver areas.
Significance of Transaction
Prosum was looking to replace its previous lender with a banking partner that could support the company's growth effectively.
Opus Bank provided $3 million of additional working capital through a formula-based line of credit to Prosum to support its planned future growth, which includes moving into a new facility as well as geographic expansion.
Opus Bank's Role
Opus Bank worked closely with Prosum’s executive management to structure a 2-year facility that would meet the company’s near term growth plans and close quickly as its prior credit facility was nearing expiration.