Citizens Commercial Banking provided a $20 million revolving credit facility to luxury jewelry firm David Webb. Citizens served as the sole lender and administrative agent.

David Webb is a premier jewelry brand with a highly selective distribution strategy that includes boutique locations in New York City and Beverly Hills, CA.

David Webb will use the funds for new store growth, working capital and general corporate purposes.

“We have really benefited from our partnership with the team at Citizens,” said Mark Emanuel, co-owner and CEO of David Webb. “This is our first asset-based credit facility and they were able to bring great ideas to the table and execute the transaction quickly and seamlessly.”

“David Webb is a great new client and we’re very happy to help them achieve their strategic and financial goals,” said Chris Carmosino, president of Business Capital at Citizens Bank. “Providing asset-based lending revolving credit facilities is just one of the ways that Citizens delivers value for clients at every stage of their business life cycle.”