Global Merchant Fund, Corp. as Lead Financier announced today the completion of the second tranche of a $100MM Supply Chain Finance Program for a Southeastern US mobile technology company serving clients worldwide. Jeremy Bedford, Global Merchant Fund’s Vice President of Business Development & Syndications indicated that “this facility will enhance the company’s working capital position by extending payment terms well beyond those provided by the company’s key suppliers.” Funding for the remaining two tranches totalling $50MM should be completed within the next 90 days.
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. Its syndication department has completed thus far in 2018, nearly $200MM in transactions with Global Merchant Fund, Corp. as Lead Financier. Global Merchant Fund, Corp. has principal operations in Toronto Canada, Miami FL, Ft. Lauderdale FL, and New York NY.
For more details, please contact Steve McDonald, President ofGlobal Merchant Fund, Corp.