Siena Lending Group LLC (“Siena”) announces the completion of a three-year $5.2 million asset-based credit facility and capital expenditure line for TDJ, Inc., d/b/a Christensen Arms, Inc. (“Company”). The credit facility will be used to finance new equipment purchases and to provide additional working capital. Tunstall Consulting Inc. acted as the exclusive financial consultant to the Company.
Founded in Utah in 1995, with roots in the aerospace industry, Christensen Arms developed the first carbon fiber rifle barrel. This patented technology resulted in one of the most innovative advances in firearms within the last two and a half decades. With over 20 years of firearm experience focused on using top-tier aerospace materials and processes, Christensen Arms manufacturers some of the most lightweight, precise, and accurate firearms in the industry and around the world.
Scott Elliotto, Director of Siena Lending Group, said “We are very pleased to be working with the Christensen family and to provide the additional capital needed to support the Company’s continued growth.”
About Tunstall Consulting Inc.
Tunstall Consulting is an hourly based consulting firm that specializes in the strategic development and capital formation of companies with high growth potential. Since 1980 Tunstall Consulting has helped raise over $15 billion for growing entrepreneurial companies from a wide variety of institutional sources including banks, mezzanine and subordinated debt providers, venture capitalists and underwriters in initial public offerings.