Crossroads Financial provided a $600,000 inventory revolver for the benefit of a wholesale distributing company of flavored bitters.
The company entered into a distribution agreement with an Australian business to be the exclusive seller, marketer, and promoter of their brand. Currently, the company is only selling bitters in U.S. markets, but will soon add additional products such as vermouth, syrups, and extracts.
The Crossroads funding allowed the company to bring in additional inventory in order to increase overall revenue. Crossroads also partnered with a receivable lender to provide the client with a full financing facility.