Asset-Based Line of Credit
A manufacturer of specialty food and drink mixes successfully worked through a management challenge, but found their funding capacity compromised. While their relationship with their Super Regional bank partner remained strong and the bank continued to hold the company's real estate loan, it was no longer interested in renewing the Line of Credit that provided needed working capital.
Magnolia recognized the needs of this growing family run business, but also had the ability to understand the complexities of working in concert with the company's existing bank. To fill the funding gap, Magnolia structured a $3 million Line of Credit that enabled the manufacturer to continue their decades long pattern of growth and their commitment to providing specialty food products to retailers and specialty stores.
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