Recently funded ESOP retailer in Central MA with a term loan
Use of Proceeds: Inventory purchases
Loan Type: Term
Industry: ESOP Retailer
Financing was used to purchase inventory. MGCC was brought in by the borrower’s bank to support its seasonal working capital needs. The borrower, a 100-year-old company, was able to purchase and assemble its product line in time for its seasonal demand, avoiding lost revenue opportunities.