Continental Business Credit funded a $3 million asset based lending facility for a fast-growing manufacturer and distributor of premium sports nutrition supplements.
The facility will be used to refinance the company’s existing lender and provide additional working capital to support its business plan.
Jason Carmona, Continental ABL manager, said, “Continental is on a mission to provide creative, flexible lending solutions to borrowers with a wholesale and direct to consumer focus. Debt financing specialist Marshall Lebovits introduced the company to us, and we were able to work together to get them funded and ready for a great 2019.”
“Being quick and reliable is a major competitive advantage for us. Keeping decision making centralized allows us to move at the same pace as our borrowers,” said Continental CEO Matthew Begley.
Headquartered in Los Angeles, Continental Business Credit is a nationwide, privately-owned commercial finance company which provides senior secured lines of credit up to $7.5 million to small and mid-sized companies operating across a wide range of industries in the U.S.