Global Merchant Fund, Corp. announced the funding of a $3,000,000 ABL revolving credit facility to a Northeastern US manufacturer of jewelry and other consumer products.
This manufacturer is a portfolio company of an investment group who was looking to find more flexible and creative financing for this “turn around” opportunity. The CEO of this New York based distributor of jewelry and other predominantly woman’s consumer products remarked that “Global Merchant Fund designed a way to support our efforts as we continue the implementation of our business plan and growth.” Barry Kastner, Global Merchant Fund’s Senior Managing Director, said “we were impressed with the company’s management team and the support of its ownership. Global Merchant Fund, Corp. structured a credit facility that provides additional liquidity and is flexible enough to see the business through its seasonal cycles”.
Founded in 2006, Global Merchant Fund, Corp. is a provider of domestic and international financing solutions for growing mid-sized businesses across a wide variety of industries and geographic locations. Global Merchant Fund, Corp. helps clients succeed through their supply chain finance, factoring, purchase order and asset-based lending programs with a focus on international trade. Global Merchant Fund, Corp. has principal operations in Toronto Canada, Miami and Ft. Lauderdale FL, and New York NY.
For more details, please contact Steve McDonald, President of Global Merchant Fund, Corp.