Daily News: January 13, 2012

Essex Capital Arranges Line of Credit for Furniture Manufacturer

Essex Capital Group, Inc. announced that the firm arranged $500,000 in new financing for a furniture manufacturer headquartered in the Southeastern United States. Essex Capital acted as the company’s exclusive advisor in this transaction.

The funding was provided in the form of a working capital line of credit from a private specialty finance company. Deal proceeds were used by the company to enhance its working capital position.

Robert D. Swain, president of Essex, noted, “Having approached many of the usual lending sources, the company had been unable to adequately finance its growth objectives and ship a large new order. Essex was pleased to be able to successfully arrange needed working capital for the company, particularly in an industry not currently favored by many lenders in the marketplace.”

Essex Capital Group, Inc. is a Tampa, FL-based corporate finance firm serving small- and middle-market privately held companies located throughout the United States.