New Client Funding $10,000,000 Factoring Facility

The Situation

Advantage was introduced to a company through a trusted private equity referral source. This client secured a significant opportunity: a private label project in partnership with a major national retailer. The client needed a financial solution to bridge the gap between production and payment, ensuring the seamless execution of this nationwide initiative.

The Leadership
At Advantage, one of our top criteria for any partnership is the strength of the owners and/or leadership. In this instance, while the company was technically a startup entity, its foundation was exceptionally strong due to the decades of industry experience of its two founders. This deep expertise was evident during our underwriting process: they had proactively identified, eliminated, or significantly mitigated numerous potential risks across their entire supply chain.

The Solution

From the initial conversation, the $10 million factoring facility was given the final approval in four weeks. This swift execution ensured that the client had peace of mind regarding liquidity to fund their production, manage inventory, and cover operational expenses associated with the national launch. The rollout has just begun and, if all aspects proceed as planned the company could need a line increase before the end of the year to support its growth.