Dwight Funding completed three asset-based loans in its consumer products portfolio, including:
- A $5 million asset-based loan for an OTC medicine and supplements brand. With a line secured by accounts receivables and finished goods inventory, the health and wellness company will allocate funds toward research and development and expanding to new product categories.
- A $2.5 million credit facility for a color cosmetics brand. Leveraging finished goods inventory and A/R, the cosmetics business will direct its line of credit toward inventory production ahead of its peak selling season.
- A $1 million line of credit for a frozen food manufacturer. With a credit facility backed by A/R, the food brand’s capital infusion will facilitate distribution to new regions through new and existing wholesale partnerships.
_x000D_
_x000D_
_x000D_
“We have seen a nearly 70% uptick in the portfolio. We credit much of that growth to our track record and close partnerships, supporting leading growth equity and VC partners as well as the founders and brands they back,” Ben Brachot, co-founder of Dwight Funding, said.
