Continental Business Credit completed a $3 million revolving credit facility for a retailer and wholesaler of brand name women’s wear and accessories.
The facility includes availability based on the company’s inventory and accounts receivable.
The company is owned by a Los Angeles-based private equity firm who was seeking a lending partner to compliment management’s strategy with a focus on refinement of the firm’s successful retail business and the expansion of their wholesale and e-commerce sales channels.
Continental CEO Matt Begley commented, “We are pleased to help build on their successful retail history and provide the resources necessary to expand their wholesale and internet business. Jason Carmona, asset based lending manager, worked closely with the company and its private equity owner to craft a unique facility that leveraged the different parts of the company’s business.”
Headquartered in Los Angeles, Continental is a privately-owned commercial finance company providing lines of credit up to $10 million to small and mid-sized companies operating across a wide range of industries in the U.S.