Citizens provided an asset-based revolving loan to Warminster, PA-based W. Atlee Burpee Company.
Founded in 1876, W. Atlee Burpee Company is engaged in the wholesale distribution, direct marketing and retail sale of vegetable and flower seeds, plants, horticultural products and other related products.
“We were impressed by the Citizens team’s hard work and innovative and practical approach,” Hans Miller, CFO of W. Atlee Burpee Company, said. “We look forward to working with our Citizens bankers and trust their advice and dedication to our success.”
“We work closely with our clients and were able to provide an asset-based revolver for W. Atlee Burpee Company that will offer the company more flexibility,” Daniel K. Fitzpatrick, president of Citizens in the Mid-Atlantic region, said. “Providing asset-based lending solutions is just one of the ways that Citizens can deliver substantial value for clients at every stage of their business life cycle.”