Cornerstone Business Credit Funds $400,000 Line of Credit to an Exciting and Rapidly Growing Specialty Cookie Company
June 17, 2024
Source: Cornerstone Business Credit
Cornerstone Business Credit [www.CornerstoneBusinessCredit.com] is pleased to announce the recent funding of a $400,000 line of credit to an exciting and rapidly growing specialty cookie company. The line consists of an accounts receivable revolver augmented by purchase order financing as new customers are coming on board. The credit facility satisfied co-packer concerns and will allow for increased production to fill a pipeline of orders to large retailers. The Cornerstone deal has no long-term commitments nor any pre-payment penalties. So, this company is free to graduate to more conventional financing when ready.
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