Specialist finance and advisory firm Trafalgar Capital Advisors has closed a USD1m secured revolving credit facility for Crystal Clear Pools LLC, a leading US-based intrastate service provider of pool cleaning and maintenance services with 25 years experience.
The loan facility has been provided through the TCA Global Credit Master Fund LP, TCA’s master feeder fund that seeks to finance small, growing, private and listed companies. This loan should assist Crystal in its growth, as well as help the company even out its seasonal funding needs.
Craig Applebaum, CEO of Crystal Pools says: "We are glad that TCA saw the merits of our business model. The use of this facility should assist us in expanding our growing business and helping us better serve our customer base."
Robert Press (pictured), Chief Investment Officer for TCA, says: "We are very pleased to have assisted Crystal in their corporate finance needs. They have a unique niche in the consumer service space and have shown solid growth throughout their history"