The Company is a Midwest-based distribution business, selling home goods through E-commerce platforms and big-box retailers.
The Company required asset-based financing to provide for both short and long-term needs as management sought to execute on strategic initiatives.
Candlewood ran an extensive process to find the right lending partner(s) for the Company. After reviewing several term sheets, Candlewood and the Company selected Entrepreneur Growth Capital (EGC) as the preferred lender. Candlewood and EGC put together a two-pronged solution that leveraged both the Company’s current and fixed assets. These facilities provided the Company with the operating flexibility it needed while also keeping borrowing costs reasonable.