Assembled Brands announced the closing of $12 million in new facilities during the month of April.

The new facilities are just one of the many ways Assembled Brands is committed to meeting the evolving needs of borrowers in the CPG industry. By addressing the working capital needs of traditionally underserved companies, the lender is revolutionizing the world of consumer goods with flexible capital that powers the ecosystem of consumer goods like never before.

The funds made available include a $2MM facility for a female-founded intimates brand, another $2.5MM for a pro-athlete developed apparel brand, a $3.5MM facility for an innovative footwear brand, and $4MM to a beverage distributor company. Assembled Brands provided a total of $12 million in asset-based facilities, lending against domestic receivables as well as inventory, a resource brands can leverage to gain access to growth-fueling funds.

"We understand that borrowing, especially in times of economic uncertainty, can be stressful and time-consuming, and our goal is to make it as easy and straightforward as possible for our partners. With these facilities, fast-growing brands can feel confident about scaling their business safely by accessing the financial resources they need without depleting their own cash," said Ethan Gersh, Director of Portfolio at Assembled Brands.