Crossroads Financial Provides $1.5MM Inventory Revolver for Startup Flooring Wholesaler

Crossroads Financial, a provider of stand-alone inventory financing, provided a $1.5 million inventory revolver for a startup California flooring wholesaler, which was seeking additional capital during its startup phase.

The company brought in excess inventory ahead of the COVID-19 pandemic and continued its sales as the home improvement market continues to thrive.

Crossroads provided the company with an inventory revolving line of credit, which allowed the company to pay down suppliers and continue in its expansion efforts.

Crossroads provides stand-alone lines of credit backed by inventory.