Marco recently funded a $10 million asset-based lending revolving facility for a pharmaceutical wholesaler that sells to independent pharmacies across the United States. This financing, involving loans against accounts receivable and inventory, replaces a bank loan that restricted the company’s growth, and highlights Marco’s commitment to supporting all-sized businesses with innovative financial solutions.
“Supporting businesses with our various financial solutions is core to our mission,” Barry Kastner, executive vice president and senior managing director at Marco, said. “This transaction underscores our ability to help companies in a variety of industries achieve their growth objectives.”
“Our partnership with Marco is pivotal in enhancing our financial strategy and growth potential,” the chief financial officer of the pharmaceutical distributor said. “Their support is invaluable as we continue to deliver exceptional service and products. I have dealt with several financings in my career, and Marco’s process was the most efficient and professional.”
GVC Advisory Services served as advisor to the client.
“GVC Advisory Services Ltd is privileged to place this pharmaceutical company with Marco Financial for the completion of an ABL facility to finance A/R and Inventory,” the firm stated. “This facility will allow for significant growth and expansion. Marco is made up of some very professional people who also made the process very smooth and efficient. Marco is quite competitive in this specific sector of the ABL world.”
