Entrepreneur Growth Capital Provides $7.5MM Line of Credit to Corporate Housing Provider

May 12, 2025 - Entrepreneur Growth Capital (“EGC”) is pleased to announce the closing of a $7.5 million asset-based facility to a west coast based corporate relocation and housing company (“the Company”).

The credit facility provides availability against accounts receivable and an overadvance facility to provide additional working capital for certain startup expenses. The client was a long time bank customer but when the market turned during the pandemic, it was asked to leave. With few options, it found a home with a local factoring company. In order to reduce costs and get additional working capital, the Company turned to EGC.

Dean Landis, CEO of EGC, stated, “The owners have been successful for 40 years. Even when the corporate housing market ground to a halt, they were able to figure a way to survive. EGC is confident that the company will thrive yet again.”

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 88-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.