EGC Provides $5MM Line of Credit to Midwest Commercial Bakery
Entrepreneur Growth Capital closed a $5 million asset-based facility for a commercial bakery. The facility provides availability against both accounts receivable and inventory.
Entrepreneur Growth Capital closed a $5 million asset-based facility for a commercial bakery. The facility provides availability against both accounts receivable and inventory.
Joe Triscoli joined Entrepreneur Growth Capital as senior vice president. Based in South Florida, Triscoli will be responsible for both business development and portfolio management.
Entrepreneur Growth Capital closed a $3 million term loan for a New Jersey-based distributor of consumer products.
Entrepreneur Growth Capital closed a $3 million term loan for a New Jersey-based distributor of consumer products.
Entrepreneur Growth Capital closed a $1 million asset-based facility for a wholesale distributor of horticultural products. The facility provides availability against both accounts receivable and inventory.
Entrepreneur Growth Capital closed an $8 million asset-based facility for a wholesale distributor selling products to retailers and e-commerce companies. The facility includes a $4 million revolver and a $4 million term loan.
Anthony Lavinio joined Entrepreneur Growth Capital as president of the company. Lavinio will focus on growing the business while leading its team in structuring financing solutions to small and lower middle-market businesses.
The International Factoring Association appointed five new advisory board members, including Jay Atkins of Seacoast Business Funding, Oscar Rombolà of eCapital, Greg Salomon of Oxygen Funding, George Thorson of Triumph Business Capital and Debra Zukonik of Dare Capital.
Entrepreneur Growth Capital delivered a $5 million working capital facility to a New York-based distributor of personal protective equipment.
Entrepreneur Growth Capital provided $6.8 million in funding to a New York-based hospitality company, allowing it to emerge from bankruptcy and access the Paycheck Protection Program.