Investor Type | Firm |
Industries | Software (Web Marketplace Saas..) • Other • IT (& TMT) • BioTech • Businesses Solutions • Hardware (& Manufacturing) • A.I. (& Big Data) • HealthTech (& Fitness) • Logistics (& Distribution) |
Investing | United States |
Founded in 2000, Huntington is currently operating two limited partnerships: Huntington Capital, LP, a federally licensed Small Business Investment Company (SBIC), and Huntington Capital Fund II, LP an institutional limited partnership. The firm is managed and operated by its general partner, HFMC, Inc. Huntington provides flexible growth financing to established small and medium sized companies in the manufacturing, services, health care, and information technology sectors, located in Southwest U.S. The firm does not finance start-up businesses. The firm's founder, Richard B. Huntington, was the co-founder of University Mechanical and Engineering Contractors with his brother Lee Huntington. Huntington Capital provides growth capital in the range of $2,000,000 to $7,000,000 to companies that have been in operation for at least two years, have at least one year of profitable operations, have annual sales between $10-$75 million, and the potential for continued profitable growth. Transactions are typically in the form of long term loans. Although principal payments may be deferred for some period, all loans require monthly interest payments. Loans are accompanied by warrants to purchase an equity interest in the borrower, royalties (the right to receive royalty payments based upon the borrower's performance), or a combination of the two.