Entrepreneur Growth Capital provided a $4,500,000 asset based line of credit to a New Yor based manufacturer, distributor and retailer of women’s sportswear (the “Company”).

The seven-year-old fast growing company saw unprecedented growth during the pandemic, largely due to the increased demand for women’s workout apparel. Although its retail was slow, its online sales and wholesale orders more than made up for it.  With plans for future expansion, they called EGC based on a longstanding relationship.

The facility includes a revolver based on accounts receivable and inventory and a $500,000 term loan.  With this funding, existing investors felt even more comfortable providing a Series C round that will make this popular brand even more well-known and be able to provide a wider variety of private label merchandise.