Salus Capital Closes $3.5MM Term Loan for Marbles Holdings
Salus Capital Partners announced it provided a $3.5 million senior secured term loan to Marbles Holdings. The financing will be used for general corporate purposes.
“The Salus team clearly believed in our business and wants us to be successful,” said Lindsay Gaskins, CEO, Marbles, Holdings. “With the financial backing from Salus, Marbles is able to prepare for a big holiday season with great proprietary products being launched in the marketplace like Catchoo and Goodminton, and our first ever direct-to-consumer catalog. We wouldn’t be able to do what we are doing this year without their support.”
“Our forward-looking and entrepreneurial approach to commercial finance makes us a well-suited partner for emerging-growth retailers like Marbles,” said Andrew H. Moser, president of Salus Capital. “With traditional sources of capital harder to come by in today’s environment, we’re pleased to be able to provide the financing Marbles needs to achieve its business objectives and growth potential.”
Chicago-based Marbles was founded in 2008 and operates 27 brick-and-mortar locations as well as an e-commerce store, offering brain-boosting games, puzzles, books and software, including its own proprietary product line developed in-house.