Next In Natural, a Brooklyn, NY-based boutique strategic business development and marketing organization specializing in natural and organic consumer packaged foods, completed a $2 million factoring facility with Marco. The funding will be for its sister company, a Midwest-based consumer products company established in producing, distributing, and marketing frozen meal-kits.
“Marco’s facility is part of an overall restructuring of the business, which is transitioning to a move to a new manufacturing/co-packing facility,” Barry Kastner, Marco’s executive vice president and senior managing director, said. “We worked with the client’s existing inventory lender to structure a flexible facility that provides additional working capital and works for all parties. Next in Natural professionals provide the leadership and management that will ensure our new client’s success. ”
“Our approach from the start was to work with their existing Inventory lender and to structure a facility commensurate with all parties being secured and building a process that would be acceptable to our client. With a team of professionals internally and outside of the Marco infrastructure, we capitalized on the experience brought to this transaction by all parties and consummated a somewhat complex transaction,” Fred Leder, Marco’s chief credit officer, said.
“Marco’s team is world-class: When one of our sister companies needed financing most, they could not have been any more helpful and available from our initial call, through on-boarding, and now with our day-to-day business activities,” Jeff Lichtenstein, Next In Natural CEO, said. That customer-first culture is pervasive in their underwriting, operations and legal team, which speaks volumes for the service-minded approach throughout the organization. Work with team Marco, and you’re working with the best!”
