Entrepreneur Growth Capital (“EGC”) provided a $1,500,000 asset based line of credit to an Ohio-based provider of educational tools that improve student engagement (the “Company”).
 
The twenty-year-old Company had been purchased by a New York based provide equity firm. Although slowed by the pandemic, it pivoted by purchasing another company that was focused on hybrid learning models. Between the acquisition and uneven cashflows due to the academic year cycles, the Company turned to EGC to provide liquidity against its receivables and inventory. Once closed, the private equity firm felt more comfortable in providing additional capital for future acquisitions.

Originally founded in 1937, EGC is one of the oldest and largest independently owned asset based lenders in the United States. Throughout its 84-year history, it has always served the ENTREPRENEUR who is seeking GROWTH and in need of CAPITAL.