Cornerstone Business Credit Provides $400K Line of Credit to Specialty Cookie Company

Cornerstone Business Credit funded a $400,000 line of credit to a specialty cookie company. The line consists of an accounts receivable revolver augmented by purchase order financing as new customers are coming on board. The credit facility satisfied co-packer concerns and will allow for increased production to fill a pipeline of orders to large retailers. The cornerstone deal has no long-term commitments nor any pre-payment penalties. So, the company is free to graduate to more conventional financing when ready.