Entrepreneur Growth Capital Provides $15,000,000 Line Of Credit to Consumer Products Company

Entrepreneur Growth Capital (“EGC”) is pleased to announce the closing of a $15 million asset based line of credit to a 50+ year-old, Wisconsin based consumer products company (“the Company”). 

The Company was asked to find a new lender and chose EGC for its flexibility and creativity. The facility provides availability against accounts receivable, inventory, equipment and Company owned real estate.   Dean Landis, CEO of EGC, stated “This family-owned business experienced both management turnover and lender fatigue within short order.  In need of a turnaround, EGC is working with new management and the founding family to return the Company to profitability and is pleased that they had the confidence in EGC to be their trusted working capital partner.” 

About Entrepreneur Growth Capital (EGC):

EGC is a privately held specialty finance company providing asset-based loans from $1 to $20 million.  EGC provides revolvers and term loans to companies that either are not ready for, or choose not to pursue, traditional bank financing.  Throughout its 89-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.