Entrepreneur Growth Capital LLC Provides $5,000,000 Line of Credit to Global Luxury Brand

Entrepreneur Growth Capital LLC (“EGC”) is pleased to announce the closing of a $5 million asset-based facility for a European owned skinwear (undergarments, lingerie, swimwear etc.) manufacturer (the “Company”). The well-known brand was founded in 1950 and has had a retail presence in the US for decades. In addition to its robust worldwide business, it has a growing wholesale business with high-end department stores in the United States. The facility provides availability against both accounts receivable and inventory. The owner has recently brought in new management and the funds will be used for new strategic initiatives and marketing.

Dean Landis, CEO of EGC, stated that “This deal is unique in that EGC and the Company chose to work with a factor to provide credit and collection services. I think this will be a big advantage as the retail credit environment remains tricky and leading factors typically have close relationships with some of the more challenged credits”

About Entrepreneur Growth Capital (EGC)

EGC is a privately held specialty finance company providing asset-based loans from $1 to $15 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 87-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.