Alleon Capital Partners closed a $1,000,000 accounts receivable financing facility with a California based e-commerce business (“Company”).  The Company sells an eco-friendly, plastic-free laundry detergent solution directly to consumers via multiple selling platforms. The product is currently sold in 31 different countries and the Company has plans to continue its expansion.

The Company approached Alleon with a request to leverage its accounts receivable to expand operations, accelerate its growth, and use the funds to purchase the needed inventory. Alleon was able to get comfortable with the Company’s recurring revenue model and use it to structure the borrowing base for the client.  As additional collateral, the Company pledged its inventory, thereby lowering its overall cost.

“We are very excited to provide financing to a growing company that enhances the lives of so many consumers across the world, while at the same time doing its part to keep the planet clean.  Furthermore, we were happy with the leadership team and are glad to be party of their vision,” said Ben Malyar, V.P. of Business Development at Alleon.