Eclipse Business Capital (EBC) provided a $55 million asset-based lending credit facility to a regional building materials supplier. The credit facility, secured by the company’s working capital assets, refinanced the company’s existing bank debt and provides additional liquidity and flexibility for ongoing working capital needs.
“We’re proud to support a company with such deep roots in the communities it serves,” Marty Battaglia, CEO of EBC, said. “This facility gives leadership the flexibility to keep investing in their stores, their operations and their people, and to carry forward the generations of trust they’ve built with the contractors and homeowners who rely on them.”
