Essex Capital Arranges $500,000 Line of Credit
Tampa, Florida - January 10, 2012 - Essex Capital Group, Inc. (“Essex”), announced today that the firm recently arranged $500,000 in new financing for a furniture manufacturer headquartered in the Southeastern United States (the “Company”).
The funding was provided in the form of a working capital line of credit from a private specialty finance company. Deal proceeds were used by the company to enhance its working capital position.
Robert D. Swain, President of Essex, noted, “Having approached many of the usual lending sources, the Company had been unable to adequately finance its growth objectives and ship a large new order. Essex was pleased to successfully arrange new working capital for the Company, particularly in an industry not currently favored by many lenders in the marketplace.”
Essex Capital acted as the Company’s exclusive advisor in this transaction.
About Essex Capital Group
Essex Capital Group, Inc. is a Tampa, Florida-based corporate finance firm serving small and middle market privately-held companies located throughout the United States. With extensive capital markets experience, Essex provides creative solutions to businesses in need of financial restructuring. Typical advisory services include balance sheet recapitalizations with senior and subordinated debt. Since inception in 2003, Essex has successfully raised in excess of $300 million for its corporate finance clients.
- Contact Information
- Robert Swain
- Essex Capital Group, Inc.
- (1) (813) 837-3500
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