Daily News: November 15, 2013

BofA Business Capital Provides ABL to Monarch Trading

Bank of America Business Capital announced it provided a new $22 million credit facility to Monarch Trading. Proceeds will be used to refinance existing indebtedness and for future working capital needs.

Huntington Park, CA-based Monarch Trading is a wholesaler/broker of meat, including pork, beef and poultry, and seafood products that sells primarily to a variety of distributors and grocery markets.