Capital Business Credit Provides $8 Million Asset-Based Lending Facility to Office Furniture Supply Company
January 30, 2012
Capital Business Credit (CBC) (www.capitalbusinesscredit.com) is pleased to announce a partnership with a New York-based office supply company, to provide an $8 million credit facility over the course of two years.
Recently named a top woman-owned business, the Company has won many new contracts due to this status. To ensure it could keep up with customer demand, the Company sought out CBC to provide them with asset-based lending solutions. CBC’s knowledge of the furniture industry, combined with its extensive asset-based lending expertise, was a great match as the Company looked for financing opportunities to grow.
“CBC was very impressed by this Company’s story, its recent recognition and the changes it made to grow. The asset-based facility will enable the company to grow at a rate that it would not otherwise be able to,” said Marc Adelson, president and chief executive officer of CBC.