Entrepreneur Growth Capital Provides $5MM Line of Credit to Skinwear Manufacturer

Entrepreneur Growth Capital (EGC) closed a $5 million asset-based facility for a European-owned skinwear (undergarments, lingerie, swimwear etc.) manufacturer. The facility provides availability against both accounts receivable and inventory. The owner recently brought in new management, and the funds will be used for new strategic initiatives and marketing._x000D_
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“This deal is unique in that EGC and the company chose to work with a factor to provide credit and collection services,” Dean Landis, CEO of EGC, said. “I think this will be a big advantage as the retail credit environment remains tricky and leading factors typically have close relationships with some of the more challenged credits.”