03 May Capital Credit for Retail Furniture Store in Connecticut
May 3, 2012
Capital Credit for Retail Furniture Store in Connecticut
Worth Avenue Capital, LLC of Guilford, Connecticut has successfully arranged a new $150,000 working capital line of credit for a retail outdoor furniture store in Connecticut. This new credit facility for this retail operation marks the second time in the last six months that WAC has been able to obtain additional capital for this client. WAC was once again retained by the client to work closely with a large regional bank that is based in New England who agreed to provide the financing. As a result of obtaining this new credit facility and the subsequent additional funding that it will provide, WAC’s client will be able to continue to successfully grow the company’s revenue and operating profits. Also, the additional funding that WAC facilitated for the client will now allow the company to begin to consider adding a new location by opening a new store in a different market within Connecticut and hire additional employees for the operation thus creating new jobs for the state’s economy. WAC continues to assist the small business community with obtaining debt capital in a difficult economic environment in which many small businesses have found that the process of securing conventional financing in this marketplace is indeed a daunting task. WAC uses its financing expertise in the debt market arena to increase the probability for its clients at achieving success in restructuring their debt as well as obtaining much needed fresh capital for their operations.