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Marco Announces $4MM ABL Facility for Hayden Products

December 13, 2021, 06:05 AM
Filed Under: Distribution

The end of 2021 is fastly approaching, but that does not seem to phase Miami, FL based Fintech, Marco which announced the closing of an ABL deal, adding to its rapidly growing portfolio. Hayden Products, based in New York City, is a distributor of cosmetics and related products including soaps and dental floss, sold to mass retailers and boutiques in the United States and Canada.

Hayden’s CEO commented, “We chose Marco, from a field of 8 lenders, because they were thoughtful and highly responsive to our needs. They delivered on everything they committed and were quick, experienced and, above all, reasonable. Terrific team and highly recommended.”

The new facility, which includes a Purchase Order line, will allow the client to finance increased  volumes, expand distribution channels, conduct marketing, and cover other needs typical of successful fast-growth companies.

Barry Kastner, Marco’s EVP noted, “This 100% domestic ABL/PO transaction illustrates the breadth of Marco’s products. We were able to meet our client’s aggressive timeline seamlessly, in connection with a product line acquisition. We are delighted to work with Hayden and its representatives.”

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