TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
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November 15, 2023
Source: Dwight Funding
[NEW YORK, NOVEMBER 2023] – Dwight Funding (“Dwight”) announces three new asset-based loans in its Consumer Products portfolio. These transactions showcase Dwight's ability to provide robust support for private equity backed brands of various sizes amid changing market and liquidity conditions.
Summary of Recent Transactions:
- $5,000,000 Asset-Based Loan for OTC Medicine and Supplements Brand: With a line secured by accounts receivables (“A/R”) and finished goods inventory, this high-growth health & wellness company will allocate funds toward research & development and expanding to new product categories.
- $2,500,000 Credit Facility for Color Cosmetics Brand: Leveraging finished goods inventory and A/R, the cosmetics business will direct its line of credit toward inventory production ahead of the peak selling season.
- $1,000,000 Line of Credit for Frozen Food Manufacturer: With a credit facility backed by A/R, the rapidly scaling food brand's capital infusion will facilitate distribution to new regions nationwide through new and existing wholesale partnerships.
Ben Brachot, Co-founder of Dwight Funding, commented on the firm’s significant growth this year to date, stating, “We have seen a nearly 70% uptick in the portfolio. We credit much of that growth to our track record and close partnerships, supporting leading growth equity and VC partners as well as the founders and brands they back.”
For further information about Dwight Funding and its financial solutions, visit www.dwightfunding.com.
About Dwight Funding:
Dwight Funding is a working capital lender designed for modern businesses. Dwight innovates on a traditional Asset Based Lending model through the strategic use of technology and data to reduce friction for our customers and help us lend effectively. Our industry specialization and expert network of investors and industry professionals help us to ensure that our clients receive best-in-class support that goes beyond just financing.
We provide flexible lines of credit and term loans ranging from $1MM -$15MM and secured by assets including accounts receivables, inventory, and fixed assets. These financial solutions are crafted to propel companies from their inception through to maturity or an exit.
Contact: Lauren Adelson
Email: ladelson@dwightfund.com
