Entrepreneur Growth Capital announce that it has closed a $4 million working capital facility to a New York based industrial painting company.

The Company has grown with the New York City building boom and recently acquired a competitor.  However, its long time bank was reluctant to increase its line of credit.  EGC offered a higher line with increased availability against accounts receivable.

Dean Landis, President of EGC, stated, “We are very pleased to offer additional working capital to a well-established company that was growing beyond its bank’s comfort level.  My team and I have gotten to know the principals and are confident that their increased access to working capital will serve their present and future needs.”