Daily News: August 9, 2019

Continental Provides $750K ABL Facility to Beverage Distributor

Continental Business Credit closed a $750,000 ABL facility to a manufacturer and distributor of nutritional and supplement powders and beverages headquartered in Texas.

The facility will be used to provide additional working capital to support the company’s sales and marketing plan.

“As the company was exploring funding options to grow its business, they concluded that leveraging their assets was a non-dilutive choice for working capital. The flexible facility from Continental provides an additional source to expand the company’s brand and retail footprint. Debt financing specialist Marshall Lebovits introduced the company to Continental, and we were able to work together to get them funded for a great 2019 and beyond,” said Jason Carmona, ABL manager at Continental.