Pathward Lends $3 Million to Baking Products and Packaging Manufacturer to Provide Working Capital

TROY, MICH. – May 13, 2024 – The Commercial Finance division of Pathward®, N.A., today announced a $3 million asset-based line of credit facility for the acquisition of a baking products and packaging manufacturer in Ohio by a California firm in the confections industry. The financing provided the company with funding for the acquisition and ongoing working capital.  

Pathward’s Commercial Finance products include working capital, equipment financing, insurance premium financing and structured financing, which includes both conventional as well as government guaranteed lending. With representatives across the country and a Canadian foreign representative office, Pathward helps industries nationwide such as transportation, manufacturing, staffing, alternative energy, insurance agencies and technology. Visit Pathward.com to learn more about financing options for your business.  

About Pathward^® 
Pathward^®, N.A., a national bank, is a subsidiary of Pathward Financial, Inc. (Nasdaq: CASH). Pathward is a U.S.-based financial empowerment company driven by its purpose to power financial inclusion. Pathward strives to increase financial availability, choice and opportunity across our Banking as a Service and Commercial Finance business lines. The strategic business lines provide end-to-end support to individuals and businesses. Learn more at Pathward.com.

Media contact:

Courtney Heidelberg
605.291.7044
mediarelations@pathward.com