Eclipse Business Capital Provides $28.5MM Credit Facility to Support Acquisition of Flooring Distributor

Eclipse Business Capital (EBC) provided a $28.5 million senior secured credit facility to support the acquisition of a flooring products distributor. The transaction included a $25 million revolving line of credit and a $3.5 million machinery and equipment term loan that are secured by accounts receivable, inventory, and machinery and equipment. The proceeds will be used to fund the acquisition and support working capital.