Black Olive Capital provided an inventory revolving line of credit totaling $1.5 million to a manufacturer and seller of HVAC products through Amazon.
Black Olive added Kristen Palmer as vice president of underwriting. Palmer has served as an operation specialist, lead underwriter and business development officer for several boutique lenders in the industry.
Black Olive Capital launched its intelligent inventory and purchase order lending platform. Black Olive will provide businesses with $500,000 to $10 million of liquidity based on inventory or purchase orders. Carlos D. Gomez co-founded the company and will serve as president.