Crossroads Provides $2.5 Million Inventory Revolver for a Manufacturer and Distributor of Plastic Injection Molded Utensils

Crossroads Financial, a leading provider of inventory financing, is excited to announce that it has provided a $2.5 Million inventory revolver to support the acquisition of a 30-year plastic injection molding manufacturer specializing in kitchen utensils. The acquisition of this "Made in America" manufacturer, producing private label products for big box retailers throughout the United States, was necessitated by the retirement of its original owners.

A Factor approached Crossroads as they were not able to fully fund the acquisition without an aggressive advance against the inventory. Together, Crossroads and the Factor made available funding to cover the short-term obligations of the Asset Purchase Agreement and provide continuity for this long-standing manufacturer.

About Crossroads Financial

Crossroads has a unique niche in the marketplace by providing stand-alone lines of credit backed by inventory. Crossroads funds transactions starting at $1,000,000 with an advance rate of up to 85% of NOLV and has no restrictions on A/R to inventory advance ratios. Crossroads aims to provide maximum liquidity to clients in the retail, e-commerce, and wholesale space who are unable to obtain traditional bank financing.