conco Granite and Marble Distributor | Concord Financial Advisors
Experts at Sourcing Debt Capital
Since 2001
Transaction:

Granite and Marble Distributor

$4,000,000 Senior Secured Credit Facility

Refinance Existing Debt & Support Working Capital

A granite and marble distributor was in the process of an early stage turnaround and cash flow was constrained. Concord created a detailed memorandum featuring the Company’s recent financial performance, strong current asset collateral, and lack of term debt. After conducting a targeted search process to national finance company asset-based lenders, Concord secured an asset-based proposal that met the Company’s objectives including advances on its in-transit inventory.