Salem Five’s business credit team has successfully structured a $6 million credit facility for Magnus Texx, an Acton-based manufacturer and distributor of institutional textile and sustainable single-use disposable products. This new funding specifically targets working capital flexibility, allowing Magnus to deepen relationships with multi-location clients.
“Magnus has demonstrated exceptional operational discipline and a clear vision for national expansion,” Keith Broyles, business credit team leader at Salem Five, said. “We are proud to provide a tailored financing structure that supports their near-term needs while positioning them for long-term success in the middle market.”
Dev Ramasubbu, founder and CEO of Magnus, said, “Salem Five took the time to understand our complex growth strategy. We were looking for a strategic partner who could scale at the pace of our business, and their team has been exceptional — responsive and strategic.”
