Entrepreneur Growth Capital LLC Provides $5,000,000 Line of Credit to Midwest Commercial Bakery

Entrepreneur Growth Capital LLC (“EGC”) is pleased to announce the closing of a $5 million asset-based facility for a commercial bakery. The facility provides availability against both accounts receivable and inventory. 

Dean Landis, CEO, stated, “This fifth generation business was a longtime customer of a regional bank. The bakery faced several challenges since the pandemic at the same time its bank was tightening credit. The newest generation had not proven itself to the bank and was asked to find a new lender. EGC is eager to work with turnarounds by providing flexible and creative working capital solutions.”

In order to get the deal closed, EGC first provided a $3 million bridge loan to meet the bank’s deadline while it worked on getting appropriate intercreditor agreements with other lenders.

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.