Entrepreneur Growth Capital provided a $4.5 million asset-based line of credit to a New York-based manufacturer, distributor and retailer of women’s sportswear. The facility includes a revolver based on accounts receivable and inventory and a $500,000 term loan.
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 provided a $5 million asset-based line of credit to a New York-based electronics manufacturer and distributor.
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.
Robert Abraham joined Entrepreneur Growth Capital as vice president, new business development. Abraham joined from Signature Bank, where he was vice president of new business development in asset-based lending.
Entrepreneur Growth Capital closed a $1 million working capital facility to a software company that streamlines influencer and content creation strategies.
Entrepreneur Growth Capital provided a $4 million working capital facility to a New York-based industrial painting company.
Keltic Financial Services announced the appointment of William J.R. Bahls to its sales team as vice president and mid-Atlantic regional manager. Previously, he has worked for Summit Financial and Presidential Financial.