$2.5MM Asset-Based Line Fuels Specialty Food Brand Growth

THE SITUATION
After launching an innovative product, a specialty food startup experienced rapid growth across multiple SKUs. Until then, the company had funded product development and channel expansion through private investors. When they approached Advantage, management sought a non-dilutive source of working capital to support continued growth.

THE LEADERSHIP
While the company had limited operating history, its management and ownership team brought meaningful industry experience and expertise. Throughout underwriting, approval and onboarding, both sides maintained a collaborative approach that helped shape a credit facility aligned with the company’s needs.

THE SOLUTION
Since closing, the $2.5 million ABL facility has enabled the client to secure improved vendor terms and capture discounts while accelerating delivery to customers. The company is also fast-tracking the launch of additional high-demand SKUs. Based on recent sell-through, a line increase may be needed ahead of the year-end holiday season.