Entrepreneur Growth Capital LLC Completes $8.0 Million Credit Facility for Wholesale Distributor Company

Entrepreneur Growth Capital LLC (“EGC”) is pleased to announce the closing of an $8 million asset-based facility for a wholesale distributor selling products to well known retailers and ecommerce companies.  The facility includes a $4 million revolver and a $4 million term loan that will repay existing debt, support current operations and permit management to pursue several growth strategies.

Dean Landis, CEO, stated that “the company faced several upcoming challenges and opportunities.  Our innovative approach offered management the ability to pursue these without the restrictions required by their previous bank lender.”

“We are excited to partner with this Midwest based company and provide a flexible structure that fits their objectives,” said Ryan Ray, Vice President of Business Development. “Given the current climate we have seen an increase of distressed and challenged companies needing access to capital.  I am glad that we were able to provide a solution that worked for both parties in an expedited timeframe.

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 private, public, and sponsored companies that either aren’t ready for, or choose not to pursue, traditional bank financing.  EGC specializes in innovative solutions to support businesses in a startup, turnaround, acquisition, or high growth phase.  Dean Landis represents the third generation to have owned and managed the company.  Throughout its 86-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 847-224-3871.