Eclipse Business Capital (EBC) closed a $30 million asset-based lending credit facility to a provider of aesthetic products in the health and beauty industry.
The credit facility is secured by accounts receivable and inventory. The transaction enhances the company’s liquidity and working capital as it experiences significant growth.
“Closing this facility underscores EBC’s ability to meet the unique needs of each client and move expediently and decisively by providing tailored solutions that enable them to scale,” Marty Battaglia, CEO of EBC, said. “We’re proud to partner with a company that is driving innovation in the health and beauty space, and we are excited to support the next phase of their growth.”
