Second Avenue Capital Partners provided a senior secured credit facility to MARIA TASH, a fine jewelry and luxury piercing brand founded by designer Maria Tashjian. The credit facility will be used to support increased working capital and fund additional inventory purchases as the company continues to grow and build out new retail locations.
“We are grateful to have SACP as a partner given their successful track record in the jewelry space,” Maria Tashjian, president of MARIA TASH, said. “MARIA TASH occupies a unique position in the industry and SACP appreciated that we do not fit into a pre-defined fine jewelry model. We are impressed with how quickly they familiarized themselves with the company, our history, our culture and our goals. We see this as a long-term opportunity, and we are pleased to have the support of Second Avenue Capital Partners as we continue to scale the business.”
“We’re very pleased MARIA TASH entrusted us with their financing needs,” Chris O’Connor, president of Second Avenue Capital Partners, said. “We love working with companies that are trendsetters and leaders within their market segment, especially those with a clearly defined profile that other brands watch and emulate. MARIA TASH is one of those companies, not just in the states, but internationally. We’re proud to be a part of MARIA TASH’s vision and support their expanding footprint.”