Entrepreneur Growth Capital Provides $5MM ABL

Entrepreneur Growth Capital (“EGC” or “Entrepreneur”) is pleased to announce that it has provided a $5,000,000 asset-based line of credit to a New York-based electronics manufacturer and distributor (the “Company”).

The 20-year-old Company had bucked the trend during the pandemic and experienced unprecedented growth.  A management/investor group changed the corporate strategy leading to more offshore sourcing.  When competitors’ supply chains were running dry, the Company was able to step up and win more business than ever.    Entrepreneur’s line of credit will truly be used for “Growth Capital.”  Having previously financed with other ABLs and banks, the Company chose EGC for its speed and flexibility.

Originally founded in 1937, EGC is one of the oldest and largest independently owned asset based lenders in the United States. Throughout its 84-year history, it has always served the ENTREPRENEUR who is seeking GROWTH and in need of CAPITAL.

For further information, please contact Dean Landis at 212-838-4858.