Entrepreneur Growth Capital delivered a $5 million working capital facility to a New York-based distributor of personal protective equipment
The company began with a few orders for gloves and masks and has now developed relationships with many foreign and domestic suppliers and customers, ranging from large hospital groups to Fortune 500 companies and the U.S. government.
“Like most lenders, since April, EGC has been flooded with a variety of PPE prospects. Most never went anywhere, but because this company was run by a former client, we had confidence that this was both real and would not be a one-off deal,” Dean Landis, president of Entrepreneur Growth Capital, said.
