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Concord Secures $5MM Credit Line for Organic Holdings

April 16, 2015, 07:51 AM
Filed Under: Consumer Products

Concord Financial Advisors, LLC announced the closing of a $5 million senior secured revolving line of credit for Organic Holdings, LLC located in Boca Raton, FL. The company is a leading manufacturer and distributor of natural, nutritional supplements, vitamins, and healthy weight management products.
The company had been seeking a new banking relationship as its existing bank wanted to exit the industry. After being introduced to the company, Concord quickly assessed that the company's core business was strong, well-managed and would be an attractive client for multiple bank or non-bank financial institutions.

"Concord saved us a significant amount of time and money by quickly identifying qualified lenders that understand our business and negotiating the terms and structure of our lending arrangement with our new lender. We are very pleased with our new lender and thankful that we hired Concord., said Bill Stevens, VP at Organic Holdings.

Concord created a detailed memorandum featuring the company's leading industry position, strong ownership/management team and impressive growth in profitability. After conducting a targeted search process that generated multiple proposals, Concord secured an attractive loan structure from a nationally recognized finance company that met all of the company's financing objectives.

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