Entrepreneur Growth Capital LLC (“EGC”) is pleased to announce the closing of a $1 million asset-based facility for a wholesale distributor of horticultural products.  The facility provides availability against both accounts receivable and inventory.

Dean Landis, CEO, stated that “this second generation business had a challenging relationship with its previous lender.  We were particularly pleased that the owner stepped up when needed.  EGC is eager to work with turnarounds by providing flexible and creative working capital solutions.”

About Entrepreneur Growth Capital (EGC):

EGC is a privately held specialty finance company providing asset-based loans from $1 to $15 million.  EGC provides revolvers and term loans to companies that either aren’t ready for, or choose not to pursue, traditional bank financing.  Throughout its 86-year history, EGC has always served small and middle market borrowers and prides itself on flexibility and direct access to decision makers.  For more information, visit www.egcap.com or call 212-838-4858.