Assembled Brands closed $18 million in new facilities during the first three months of 2023.

Through rapid financing, the lender is supporting emerging brands from various consumer goods industries by addressing working capital needs. The lines of credit support growth opportunities, improve inventory positions and relieve some of the capital constraints many businesses face in a tumultuous market this year.

Some of the lender’s recent transactions include:

• $4.5MM for popular home goods company with over $27 million in annual sales
• $2MM for a premium athletic apparel company that has grown 6X during the last 12 months
• $6MM for a well-known beauty company with over $20 million in annual sales

By leveraging accounts receivable and inventory to support new lines of credit, many brands gained access to flexible capital to fuel revenue and growth, while enhancing company liquidity.

Besides new loan facilities, Assembled Brands also approved 9 upsizes to existing portfolio credit facilities, further raising the total of funds made available to businesses in the consumer goods space.

“Many growing consumer brands are drawn to Assembled Brands due to our ability to not only rapidly fund their growth, but also power the entire ecosystem of consumer goods. Our partner network offers everything from marketing expansion, data analytics, team recruitment, to overall business development, which is of great value to emerging businesses,” says Jeff Mangiafico, Vice President of Origination at Assembled Brands.

Looking ahead, the lender is optimistic about the upcoming months. Half a dozen consumer businesses including an innovative intimates brand that grew one hundred percent year-over-year, are expected to close this month. With a pipeline of another $20 million for April of 2023, the work of powering consumer companies continues.