CHICAGO, Oct. 9, 2024 ~ Aequum Capital, a leading financial institution, has recently announced its provision of a $15 million revolving line of credit to a Denver-based distributor of pet products. This strategic move will allow the company to utilize its accounts receivables and inventory, enabling it to fulfill supplier payables and place new orders for inventory.

Despite facing challenges during its transition away from a third-party logistics provider, the company was able to secure this financing with Aequum's support. While other lenders were hesitant, Aequum recognized the temporary nature of these challenges and had confidence in the company's management team. The deal was finalized within just fifteen days from the execution of the term sheet, providing the company with much-needed liquidity to maintain its inventory orders and supplier relationships.

More on Colorado Desk

• Colorado Springs: East Las Vegas Street and Hancock Expressway to close Aug. 10-11
• Colorado Energy Office Awards $5 Million in Grants to Further Expand Colorado's Nation-Leading EV Charging Network
• Colorado: Governor Polis Memorializes Verbal Disaster Declaration for Severe Weather Event Resulting in Dangerous Fire Conditions in Delta, Mesa, and Montrose Counties
• Colorado is a Leading State in Combatting Rise of Antisemitism
• Final Clearance to Close Dura Medical Acquisition from Florida's Agency for Health Care Administration (AHCA); $750 Million Ketamine Therapy Market

Aequum Capital is pleased to continue its partnership with this company as it strives to meet the ever-changing demands of pet product consumers. This collaboration highlights Aequum's commitment to supporting businesses in their growth and success.

---

Show All News | Report Violation