CBC Provides a $6 Million Asset-Based Facility to a Distributor and Retailer of Lighting Fixtures
March 1, 2013
CHARLOTTE, N.C. – Capital Business Credit (CBC) (www.capitalbusinesscredit.com) is providing a $6 million revolving, asset-based facility with advances on account receivables and inventory to a retailer and distributor of residential lighting fixtures.
The Company manufactures and distributes lighting fixtures to major retailers across the country, in addition to owning 10 retail locations in the Southeast. The Company sought out CBC following its work with a turnaround consultant, as their previous bank could not provide an asset-based loan to meet their needs.
“Our extensive home furnishing experience combined with the fact that we are not owned by a bank enabled us to customize a facility that will provide the Company with the working capital and liquidity needed to run its business,” said Malcolm Ferguson, Charlotte regional manager, Capital Business Credit.
For more information about CBC’s factoring programs please visit www.capitalbusinesscredit.com or call Malcolm Ferguson at 704.248.5714 or email firstname.lastname@example.org.
About Capital Business Credit
Established in 1988, Capital Business Credit, LLC (www.capitalbusinesscredit.com) is a commercial finance company specializing in providing creative supply chain financing solutions. The Company’s service offerings include: full-service factoring; immediate cash for receivables; single debtor credit coverage; letters of credit; accounts receivable management services; inventory lending; and international financing. CBC Trade Finance, a division of CBC, provides trade finance solutions for U.S.-based importers working with Asia-based suppliers (exporters). Capital Business Credit is based in New York, with offices in Hong Kong; Shanghai; Los Angeles; Charlotte; NC; and Ft. Lauderdale, Fla.