Entrepreneur Growth Capital LLC Provides $3,000,000 Bridge Loan to New Jersey Distributor

Entrepreneur Growth Capital LLC (“EGC”) is pleased to announce the closing of a $3 million term loan to a New Jersey distributor of consumer products.  The distributor is experiencing a great deal of growth and is expecting a bank line of credit to close in the next six months.  EGC provided a six-month bridge, with extensions available if needed, that is collateralized by accounts receivable and inventory.

Dean Landis, CEO, stated that ”The company has grown tremendously without outside financing.  We are happy to help, even if briefly, until their bank line closes.”

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.