Alpine Ridge Funding ("ARF") is pleased to announce the closing of a $9 million factoring facility for a consumer brand launching an exclusive collection of fragrances and home goods with a leading national retailer. The facility includes $6 million of availability at closing and a $3 million accordion that can be accessed as the Company's retail program expands. The facility will be used for working capital purposes to support the brand's national rollout. ARF structured a receivables-based solution sized to the Company's launch and growth plan rather than its operating history, providing the liquidity needed to fund initial purchase orders and scale alongside each new product category.
ARF's Senior Vice President David Fortner commented, "A national retail launch needs capital that scales with purchase orders, not historical financials. We built this facility around high-quality retail receivables and a management team we know well, and the accordion gives the Company room to grow as new categories roll out. This is exactly the kind of flexible, growth-oriented partnership our factoring platform was built to deliver."
Alpine Ridge Funding provides accounts receivable financing and ABL loans to lower middle market companies seeking financing from $100,000 - $35 million. We offer flexible and creative structures to include accounts receivable, inventory, equipment and real estate. Alpine Ridge Funding operates as a sister company to Mountain Ridge Capital, with both firms backed by and affiliated with CCaventus Asset Management, LP, a US-based global provider of capital to businesses. For more information on Alpine Ridge Funding's product offerings, please visit https://alpineridgefunding.com/.