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First Niagara Comm’l Finance Provides $12MM Credit Facility to Dawson Forté

August 01, 2014, 07:45 AM
Filed Under: Apparel

First Niagara Commercial Finance, Inc., a subsidiary of First Niagara Bank, N.A., has provided a new credit facility to Massachusetts-based, Dawson Forté, LLC. The $12 million Senior Secured Credit Facility immediately provided the company with ample additional liquidity. The new facility will allow the management team to grow the business that they recently purchased and provide them with the tools they need to execute their business plan.

"I am very pleased with the approach First Niagara Commercial Finance took regarding the financing of our business" said Andy Bartmess, President of Dawson Forte, LLC, "Keith Broyles and the rest of the First Niagara ABL team executed every step of the way and delivered a financing package that was exactly in line with what was originally proposed and did so under our very tight timing requirements."

Keith Broyles, National Director of Business Development for First Niagara Commercial Finance, adds "First Niagara is thrilled to have earned Andy's trust and we look forward to being a partner of Dawson Forte's for many years to come and to working with his team to help them all achieve their goals."

Dawson Forté Cashmere is the leading U.S. supplier of cashmere garments in the USA whose main brand is kinross cashmere.

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