Opus Bank is pleased to announce it provided:

Title: Prosum
Amount: $3,000,000
Month: May
Year: 2015

Prosum

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.

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