Marco Financial closed a $4 million asset-based lending deal for Hayden Products, a distributor of cosmetics and related products, including soaps and dental floss, sold to mass retailers and boutiques in the United States and Canada.
The new facility, which includes a purchase order line, will allow Hayden Products to finance increased volumes, expand distribution channels and conduct marketing.
“This 100% domestic ABL/PO transaction illustrates the breadth of Marco’s products,” Barry Kastner, executive vice president and senior managing director at Marco Financial, said. “We were able to meet our client’s aggressive timeline seamlessly in connection with a product line acquisition. We are delighted to work with Hayden and its representatives.”
