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BizCap Secures $10MM Asset-Based Line of Credit for Beauty Industry Leader

February 21, 2024, 07:31 AM
Filed Under: Consumer Products

BizCap announced its successful collaboration with an industry-leading business in the beauty space that has successfully provided premium high-performance tools tailored to the modern woman's lifestyle for over 15 years. BizCap helped the company secure a $10MM asset-based line of credit to refinance existing debt and fuel future strategic growth initiatives.

"Working closely with BizCap has been a remarkable experience for us," expressed the CEO & Founder of the closely held company. "Their dedication, expertise, and seamless collaboration have truly impressed us throughout the process of securing our financing agreement. BizCap's insightful approach and commitment to understanding our unique needs were pivotal in achieving a tailored solution that aligns perfectly with our growth aspirations.” Steve Sala with Solution Advisors served as refinance advisor to the company. “Both the company and BizCap were a pleasure to work with. BizCap brought a number of viable options for the company to evaluate”, said Steve Sala.

"Our client’s executive team was a delight to work alongside," stated Chuck Doyle, President and CEO of BizCap. "Once we gained a profound insight into their business dynamics and recognized their strategic prowess in the beauty industry, it became clear that we could structure a financing solution to fuel their path to further success," he emphasized.

BizCap also recently announced several successful financing arrangements for its clients, including $8MM for Aechelon Technology and $25MM for Performant.

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