Dwight Funding completed three asset-based loans in its consumer products portfolio, including a $5 million asset-based loan for an OTC medicine and supplements brand.
IDB Bank closed up to a $100 million asset-based revolving credit facility for Dwight Funding, a New York-based lender to modern brands and platforms. IDB Bank was the sole lead arranger and administrative agent for the facility.
Dwight Funding closed $1.5 million in funding to a supplier of nutritional products and superfoods.
Dwight Funding named Jessica Bates as managing director and head of business development. Bates, who has been with the company since 2016, is now responsible for driving product growth, market expansion and leading the sales team across products and industries.
Duy Nguyen joined Dwight Funding as director of business development. Nguyen has more than five years of experience in SMB lending, most recently serving in business development and portfolio management roles at Wells Fargo.
Dwight Funding closed a combined $4 million in funding to two direct-to-consumer companies, including a men’s personal care company and a bicycle company.
Dwight Funding provided a working capital line of credit to Credo. The facility will be used to finance inventory as the company adds additional store locations and expands its e-commerce presence.
Dwight Funding provided a $5 million credit facility to new client, I and Love and You, a pet food company based in Boulder, CO.
FGI announced the promotion of two top executives: Debbie Habib to global marketing director, and Ben Brachot to director of Sales.