Entrepreneur Growth Capital announced that it has closed a $1 million working capital facility to a software company that streamlines influencer and content creation strategies (“the Company”).
The sponsor-back Company has grown over the last year and has seen even greater demand since the beginning of the pandemic. They had tried factoring a year ago, but prefer non-notification and lower costs associated with asset based lending.
Dean Landis, President of EGC, stated, “It refreshing to see a client’s receivables growing during this period and are pleased to be their capital provider.”