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Citizens Provides Asset-Based Loan to W. Atlee Burpee Company

December 09, 2020, 07:00 AM
Filed Under: Specialty Industries
Related: Citizens Bank

Citizens provided a new asset-based revolving loan to Warminster, PA-based W. Atlee Burpee Company. Citizens is the sole lender.

Founded in 1876, W. Atlee Burpee Company is engaged in the wholesale distribution, direct marketing and retail sale of vegetable and flower seeds, plants, horticultural and other related products.

“We were impressed by the Citizens team’s hard work and innovative and practical approach,” said Hans Miller, CFO of Burpee. “We look forward to working with our Citizens bankers and trust their advice and dedication to our success.”

“We work closely with our clients and were able to provide an asset-based revolver for W. Atlee Burpee Company that will offer the company more flexibility,” said Daniel K. Fitzpatrick, President of Citizens, Mid Atlantic Region. “Providing asset-based lending solutions is just one of the ways that Citizens can deliver substantial value for clients at every stage of their business life cycle.”

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