Advantage Business Capital, a subsidiary of Central Bank, provided a $2.5 million asset-based loan credit facility to an early-stage food manufacturer.
Due to rapid sales growth across multiple SKUs, management requested a non-dilutive working capital facility, which Advantage Business Capital was able to provide. Since closing and funding, the new ABL client has secured improved vendor terms, unlocking valuable discounts and is more quickly delivering products to the company’s customer base.
