Entrepreneur Growth Capital (“EGC”) closed a $1 million asset-based facility for a wholesale distributor of horticultural products. The facility provides availability against both accounts receivable and inventory.
Dean Landis, CEO, stated, “This second generation business had a challenging relationship with its previous lender. We were particularly pleased that the owner stepped up when needed. EGC is eager to work with turnarounds by providing flexible and creative working capital solutions.”