Cornerstone Business Credit Funds Asset Acquisition for a Company in the Eyeglass Industry

Cornerstone Business Credit is pleased to announce it recently funded a multi-million-dollar asset acquisition for a company in the eyeglass industry. The management team acquired the assets of a 50+-year-old business sold by its secured bank lender through an Article 9 sales process. The transaction was structured by and referred to Cornerstone by a nationally recognized turnaround management consulting firm.

The new company brings fresh perspective and enthusiasm along with the capital to buy the assets and operate the business.  Cornerstone quickly approved a line of credit and supported the buyer through an extended negotiation and sale process.

Cornerstone specializes in these smaller, tough, story credits including start-ups, turnarounds, article 9 sales, 363 sales, DIP financings and other non-bankable situations.