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Bank of America Business Capital Provides $22MM ABL to Monarch Trading

November 15, 2013, 07:49 AM

Bank of America Business Capital announced it has provided a new $22 million credit facility to Monarch Trading. Proceeds will be used to refinance existing indebtedness and for future working capital needs.

Monarch Trading is a wholesaler/broker of meat, including pork, beef and poultry, and seafood products that sells primarily to a variety of distributors and grocery markets. Based in Huntington Park, Calif., the company was started in 2006 and is co-owned by Brian Tarsky and Morad (Mike) Harouni.

Bank of America Business Capital is one of the world’s largest asset-based lenders, with more than ten primary offices serving the United States, Canada and Europe. It provides corporate borrowers with senior secured loans of $10 million or more, cash management, interest rate and foreign exchange risk management, and a broad array of capital markets products.

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