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iSatori, CoBiz Bank Renew $1.5MM Credit Line

November 15, 2013, 07:54 AM
Filed Under: Nutritional Products

iSatori, Inc., an emerging leader in the development and marketing of scientifically engineered nutritional supplements for healthier lifestyles, today announced that CoBiz Bank of Denver, Colorado, has renewed its commercial bank line of credit availability for iSatori to $1.5 million based on the company's performance and assets.

This renewed borrowing relationship is under the same terms, conditions, and borrowing base covenants of the prior line of credit, although it has been expanded 13 months. The credit facility will operate as a revolving line of credit through 2014. This additional borrowing capacity will allow the Company to support its growth in food, drug, and mass merchandisers throughout the United States. This growth capital is expected to propel the Company's momentum in Fortune 500 suppliers such as Walmart, Rite-Aid, Walgreens, and others.

iSatori, Inc. is a consumer products firm that develops and sells nutritional products in the performance, weight loss, and energy markets through online marketing, Fortune 500 retailers, and thousands of retail stores around the world.





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