The Client
- Family-owned importer of Halloween and Easter products
- Brings in goods from China and Mexico that exceed current bank’s lending limits, requiring routine personal cash infusions
- Looking for new lender to expand product lines, manage working capital, and grow business with reduced personal exposure
Funding Needs
- Accounts receivable and inventory working capital line of credit
- Term loan
Our Solution
- Ona Capital reassessed Importer’s burn rate and supply chain needs and presented opportunity to a new bank that provided the line needed
- Primary owner was able to budget seasonal cash needs and distributions to avoid shareholder loans
