- DATEDecember, 2023
- DIVISIONFood & Beverage
- CATEGORYAsset Based Lending
$3MM ABL Facility Issued to Colorado-Based Food Manufacturer
A food manufacturer out of Colorado was paying extremely high rates with their existing non-bank lender and needed a partner to provide them with more availability, at a better price. Our team was able to provide a flexible, $3 million ABL facility to help the company grow. The solution will leverage their accounts receivables, inventory, and intellectual property at a better rate by 300 basis points.