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Advantage Capital Invests in Capital City Trucking, Supporting Business and Job Growth in Mississippi

| November 26, 2019

Advantage Capital Invests in Capital City Trucking, Supporting Business and Job Growth in Mississippi

Advantage Capital announced a $3.375 million investment in Richland, Mississippi-based Capital City Trucking. This follows an initial investment earlier in 2019, which allowed the freight company to triple its employee base and pursue significant growth opportunities. The latest round of funding will enable Capital City to upgrade its fleet, create additional jobs with high-quality driver benefits and continue to expand within Mississippi and across the country.

 “This investment has enabled us to grow at a healthy rate, bring on new businessand provide high-quality benefits and pay to our drivers in our local community,” said Trey Waterloo, CEO of Capital City Trucking. “With the initial investment, we grew our employee base from 28 to 84. This next round of capital will allow us to upgrade our fleet with the latest technology and support our rapidly increasing geographic footprint and service capabilities.”

The investment, in connection with theMississippi Small Business Investment Company Act (MSBIC), will help Capital City grow its operations and bring good-paying jobs to Mississippi.

The Mississippi Small Business Investment Company Act was designed to attract capital investments to qualified small businesses in the state. Since its passing in 2013, this program has brought much-needed investment to Mississippi businesses like Capital City Trucking to promote growth and stimulate local economies.

“We have spoken with many companies throughout Mississippi that are ready for growth but can’t find the financing they need. We are excited to continue our work in Mississippi and are looking to help more companies such as Capital City achieve their growth potential through the MSBIC program,” said Philip Ruppel of Advantage Capital.

Category: Featured, General Update, News

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