Assembled Brands Provided $18 Million in New Credit Facilities in Q1 2023

Assembled Brands is pleased to announce the closing of $18 million in new facilities during the first three months of 2023.

Through flexible lines of credit, we are supporting emerging brands from various consumer goods industries by addressing working capital needs. The lines support growth opportunities, improve inventory positions and relieve some of the capital constraints many businesses face in a tumultuous market this year.

Some of the recent transactions include:

$4.5MM for popular home goods company with over $27 million in annual sales

$2MM for a premium athletic apparel company that has grown 6X during the last 12 months

$5MM for beauty company Algenist

By leveraging accounts receivable and inventory to support new lines of credit, many brands gained access to flexible capital to fuel revenue and growth, while enhancing company liquidity.

“We are excited to partner with Assembled Brands as their support further provides Algenist the opportunity to pursue greater strategic initiatives and opportunities to position the brand for long term success.”  - Nancy McKay, CEO at Algenist

Besides new loan facilities, we also approved 9 upsizes to existing portfolio credit facilities, further raising the total of funds made available to businesses in the consumer goods space.

“Many growing consumer brands are drawn to Assembled Brands due to our ability to not only rapidly fund their growth, but also power the entire ecosystem of consumer goods. Our partner network offers everything from marketing expansion, data analytics, team recruitment, to overall business development, which is of great value to emerging businesses,” says Jeff Mangiafico, Vice President of Origination at Assembled Brands.

Looking ahead, Assembled is optimistic about the upcoming months. Half a dozen consumer businesses including an innovative intimates brand that grew one hundred percent year-over-year, are expected to close this month. With a pipeline of another $20 million for April of 2023, the work of powering consumer companies continues.

Our capital solutions are non-dilutive and flexible, so you can stay in full control of your business while fueling your growth. Discover how your brand can benefit from Assembled Brand’s simple and streamlined process. Apply today!