Entrepreneur Growth Capital closed a $1 million asset-based facility for a wholesale distributor of horticultural products. The facility provides availability against both accounts receivable and inventory.
“This second-generation business had a challenging relationship with its previous lender,” Dean Landis, CEO of Entrepreneur Growth Capital, said. “We were particularly pleased that the owner stepped up when needed. Entrepreneur Growth Capital is eager to work with turnarounds by providing flexible and creative working capital solutions.”
