Entrepreneur Growth Capital Provides $10,000,000 Line of Credit to Brand Developer/Online Marketer ​

Entrepreneur Growth Capital (“EGC”) is pleased to announce the closing of a $10 million asset-based facility to one of Amazon’s leading brand developers (“the Company”).

The credit facility provides availability against both accounts receivable and inventory and provides for a $5MM seasonal overadvance. The client is well known to EGC as it was a client for several years before graduating to a money center bank.  In a bittersweet scenario, the Company had a couple of difficult years and was asked to find another lender. 

Dean Landis, CEO of EGC, stated, “The Company had a terrific track record with EGC and we hope that round two has the same positive performance.”

About Entrepreneur Growth Capital (EGC):

EGC is a privately held specialty finance company providing asset-based loans from $1 to $20 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 88-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.