Continental Business Credit closed a $2 million factoring and inventory lending facility for a distributor of outdoor products based in Southern California.
This new capital will give the four-year-old company the capacity it needs to expand its strategy for 2019 and beyond.
Jason Carmona, executive vice president at Continental, said, “The company has had significant success for such a young firm and is experiencing demand from new wholesale customers. We were able to help with the seasonal cash flow needs by providing advances against accounts receivable and inventory.”
Headquartered in Los Angeles, Continental Business Credit is a nationwide, privately-owned commercial finance company which provides senior secured lines of credit of up to $7.5 million to small and mid-sized companies operating across a wide range of industries in the U.S.
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