Cornerstone Business Credit Announces a new Credit Relationship With Specialty Beverage Company
December 13, 2023
Source: Cornerstone Business Credit
Cornerstone Business Credit is pleased to announce a new credit relationship with a start-up specialty beverage company. The $100,000 relationship is expandable and consists of a working capital line of credit and a vendor support letter with a key co-packer partner.
The company had substantial orders with some of the country's largest retailers and a very friendly cooperative partner. Capital was needed to ship product and provide some comfort to the partner that they would get paid. Cornerstone responded quickly to this modest request with a custom-tailored solution.
This relationship was referred to CornerstoneBusinessCredit.com by a lender who liked the company and its team but the opportunity didn’t fit their lending profile. With no minimums or long-term commitment with Cornerstone, the company will be free to graduate to the referring lender at any time. Another fast, flexible, “easy-in” “easy-out” solution provided by Cornerstone.
The company had substantial orders with some of the country's largest retailers and a very friendly cooperative partner. Capital was needed to ship product and provide some comfort to the partner that they would get paid. Cornerstone responded quickly to this modest request with a custom-tailored solution.
This relationship was referred to CornerstoneBusinessCredit.com by a lender who liked the company and its team but the opportunity didn’t fit their lending profile. With no minimums or long-term commitment with Cornerstone, the company will be free to graduate to the referring lender at any time. Another fast, flexible, “easy-in” “easy-out” solution provided by Cornerstone.
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