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Continental Business Credit Provides $3.5MM ABL to Chemicals Distributor

November 12, 2013, 07:49 AM
Filed Under: Distribution

Continental Business Credit, a factoring and asset-based lender based in Woodland Hills, CA, has completed a two-year revolving asset-based credit facility in the amount of $3.5 million for a chemical & plastics distributor based in Southern California. Continental provided additional working capital capacity to the distributor, which allowed the company to expand its supplier base and build broader inventory offerings for its customer base.

Established in 1989, Continental is a factoring and asset-based lender specialized in providing working capital solutions to small and medium sized business. The company's services nclude full service non-recourse factoring, accounts receivable management services, asset-based lending, inventory and equipment finance.

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