Entrepreneur Growth Capital provided a $4 million working capital facility to a New York-based industrial painting company.
The company had grown, thanks to the New York building boom, and recently acquired a competitor. The company’s long-time bank was reluctant to increase its line of credit. EGC offered a higher line with increased availability against account receivables.
“We are very pleased to offer additional working capital to a well-established company to a well-established company that was growing beyond its bank’s comfort level. My team and I had gotten to know the principal and are confident that their increased access to working capital will serve their present and future needs,” said Dean Landis, EGC president.
