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Ares Commercial Finance Provides $11MM credit facility to Fanzz Gear

August 03, 2018, 07:04 AM
Filed Under: Retail

Ares Commercial Finance announced that it has provided an $11 million senior secured revolving line of credit to Fanzz Gear, Inc. (Fanzz).  Headquartered in Salt Lake City, Utah, Fanzz is a leading brick-and-mortar and online retailer of licensed sports apparel and merchandise. The company is owned, in part, by Ames Watson Capital, LLC.  Proceeds of the facility will be used to refinance existing debt and for ongoing working capital.

Fanzz sells licensed NFL, MLB, NBA, NCAA, and other major sports apparel and merchandise through a platform of 90 mall-based retail stores, which are spread across 15 states, and online. 

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