Continental Business Credit funded a $750,000 asset-based lending facility to a fast-growing manufacturer and distributor of nutritional and supplement powders and beverages headquartered in Texas.

The facility will be used to provide additional working capital to support the company’s sales and marketing plan.

Jason Carmona, ABL manager at Continental, said, “As the company was exploring funding options to grow its business, they concluded that leveraging their assets was a non-dilutive choice for working capital. The flexible facility from Continental provides an additional source to expand the company’s brand and retail footprint. Debt financing specialist Marshall Lebovits introduced the company to Continental, and we were able to work together to get them funded for a great 2019 and beyond.”

“The supplement market continues to expand based on the increased health awareness and busy schedules of consumers,” said Continental Chief Executive Matthew Begley. “Asset based lending allows our borrowers to unlock the working capital in their existing assets to grow their revenue and valuations.”

Headquartered in Los Angeles, Continental Business Credit is a nationwide, privately-owned commercial finance company which provides senior secured lines of credit up to $7.5 million to small and mid-sized companies operating across a wide range of industries in the U.S.