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National Business Capital Funds $4 Million Collectible Toy Distributor Transaction
Secures $3 Million Revolving Credit Facility, $1 Million In Additional Working Capital for Rapidly Growing eCommerce Wholesaler During the Pandemic
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BOHEMIA, N.Y., April 28, 2021 /PRNewswire/ National Business Capital, the nation s leading FinTech lending marketplace which streamlines the application process and helps business owners unlock access to capital, today announced it secured a $4 million transaction during the pandemic for a young, fast-growing eCommerce distributor selling collectible toys to big brand retail chains.
The recently funded client, an eCommerce distributor specializing in wholesaling with Fortune 100 retail chains and in eCommerce transactions, suffered from the same cash flow-related growing pains that hinder many small businesses. Despite undergoing massive growth, the 1-year-old business lacked the working capita