Daily News: February 8, 2012

Entrepreneur Growth Capital Funds $3.5MM for Extreme Entertainment

Entrepreneur Growth Capital (EGC) announced a $3.5 million accounts receivable line to Extreme Entertainment. The proceeds were used to repay an existing lender and provide additional working capital. The most unique part of this deal was that although the principals were former clients of EGC, this transaction came together and was funded in one week.

EGC provides asset-based loans to small- and mid-sized businesses.

Extreme Entertainment designs, manufactures and services roller coasters for use in theme parks.