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Dwight Funding Expands Client Portfolio, Adds High-Growth PE-Backed Consumer Brands

June 05, 2023, 07:38 AM

Dwight Funding continued the expansion of its client roster, including the addition of three high-profile, private-equity backed consumer brands. The recent transactions represent the varying product categories, company sizes, and capital needs addressed by Dwight’s flexible asset-based loans, and help to further position the lender as the go-to in their field.
Summary of Recent Transactions:

  • $2 million revolving line of credit with a leading skincare and suncare manufacturer. The scaling beauty brand plans to allocate funds toward expanding its production capacities, meeting increasing consumer demand, and leveraging its viral social media presence.
  • $4 million credit facility lending on accounts receivables and finished goods inventory for an athletic apparel manufacturer. The capital infusion will allow the fast-growing sportswear brand to lean into strategic partnerships and build inventory ahead of peak season.
  • $1.5 million revolving line of credit for a prominent ready-to-drink (RTD) non-alcoholic beverage brand. The recently established debt relationship will support the company’s inventory production ahead of its national launch at a big-box retailer and help extend the company’s cash runway until its next equity raise.

“We’re seeing an influx of strong, healthy companies in the eCommerce and consumer products industries, despite the headwinds impacting the broader market,” said Ben Brachot, Co-Founder of Dwight Funding. “Our reputation and longstanding relationships with consumer-focused growth-equity and venture groups have given us a unique opportunity to support a number of their portfolio companies through the evolving industry landscape and economic conditions.”

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