Entrepreneur Growth Capital (EGC) closed a $15 million asset-based line of credit to a 50+ year-old, Wisconsin based consumer products company.
The Company was asked to find a new lender and chose EGC for its flexibility and creativity. The facility provides availability against accounts receivable, inventory, equipment and company-owned real estate.
“This family-owned business experienced both management turnover and lender fatigue within short order,” Dean Landis, CEO of EGC, said. “In need of a turnaround, EGC is working with new management and the founding family to return the company to profitability and is pleased that they had the confidence in EGC to be their trusted working capital partner.”
