FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / Articles / Read Article

Print

Entrepreneur Growth Capital Provides $3MM Bridge Loan to New Jersey Distributor

Date: Jun 23, 2023 @ 06:00 AM
Filed Under: Distribution

Entrepreneur Growth Capital closed a $3 million term loan to a New Jersey distributor of consumer products. The distributor is experiencing a great deal of growth and is expecting a bank line of credit to close in the next six months.  EGC provided a six-month bridge, with extensions available if needed, that is collateralized by accounts receivable and inventory.

Dean Landis, CEO, stated, "The company has grown tremendously without outside financing.  We are happy to help, even if briefly, until their bank line closes."

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.