Daily News: July 12, 2019

Continental Closes $2MM Facility for Outdoor Products Distributor


Continental Business Credit closed a $2 million factoring and inventory lending facility to a distributor of outdoor products based in Southern California.

This new capital will give the company, which was founded in 2015, the capacity it needs to expand its strategy for 2019 and beyond.

“The company has had significant success for such a young firm and is experiencing demand from new wholesale customers. We were able to help with the seasonal cash flow needs by providing advances against accounts receivable and inventory,” said Jason Carmona, executive vice president at Continental.