National Business Capital secures $11 million to support Sneaker Retailer’s entrepreneurial growth

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LONG ISLAND, NY, September 14, 2022 /PRNewswire/ — National Business Capital, the leading FinTech marketplace offering small business loans and competitive financing options, has secured a combined deal $11 million in capital to support an entrepreneur looking to take their business to the next level

The customer, a clothing wholesaler, supplies major retailers with most of the clothes and shoes you carry today, but he couldn’t purchase his inventory fast enough due to cash constraints from accelerated growth.

The supply chain issues that have plagued businesses since the pandemic are still evident today. Every business owner struggles to find the materials they need to meet the demand of their customers, especially those in retail distribution.

Meeting a product supplier has become a needle in a haystack situation. Anyone who finds one will have to place an order quickly or risk losing to another company in their industry, making the ability to access capital extremely important for entrepreneurs to stay competitive and win business.

With growth on the horizon, they needed access to significant capital to increase their purchasing power and meet customer demand. They contacted their bank and found they were growing too quickly for their lending capabilities, so they turned to National for a financing solution to continue their growth.

National worked with their current bank, briefed them and worked in tandem to get a separate bank $7 million revolving line of credit, as well as an additional line of credit $4 million term loan. Thanks to this collaboration, the client was also able to continue working with his bank, which eliminated any potential disruption to his daily operations.

Now, with their new facilities in place, our client is well positioned to achieve a new level of buying power. This will help them meet their customers’ demand, prevent them from missing out on new revenue opportunities, and most importantly, support their continued growth in the apparel industry.

The national team, including the CEO Joe Camberato, helped bring the deal across the finish line. “Funding of this caliber is not easy to achieve, especially in the current economic climate. This deal was made possible through years of funding relationships,” says Camberato. “There’s a reason we have over 75 lenders on the platform. It is not about receiving just any approval; it’s about finding the right lenders to help support your growth.

“I want to commend my team. Our years of partnership with lenders really shine here, but having a team of seasoned finance professionals to support the transaction was also more than a contributing factor to the success.” Camberato continues.

At National, we have tremendous respect for entrepreneurs who succeed despite difficult times. Our client has successfully navigated through the pandemic and its respective lockdowns, and is now in a position to grow even further with $11 million in the capital.

“Business is about relationships, and funding relationships are one of the most important in an economy where the tides are changing rapidly. When you need funding, it’s more important than ever that you work with a team that has the ability to bring in the right lenders at the right time. If we hadn’t got all the right people around the table and worked together, this deal would never have happened,” Camberato points out.

National Business Capital helps entrepreneurs get fast, fair funding to save time and cultivate sustainable growth.

Their stress-free online platform is designed for simplicity and speed, helping business owners go from application to approval in hours. And while they remain a leader in the Fintech industry, our clients agree that it’s our personalized service and award-winning team that sets us apart.

From SBA loans to lines of credit, equipment financing, and more, business owners can access all of the different financing programs available to them in one place. With their streamlined process, they have helped customers secure more than $2 billion in funding since 2007 and, more importantly, they have helped entrepreneurs save huge amounts of time and grow faster.

National got $2 billion in competitive funding through more than 25,000 transactions since 2007. Their mission to “drive growth for all” is evident in all of their work, from their partners and clients to their team members. Innovative technology and talented team members combine to create a corporate finance machine, one that is constantly evolving and seeking to improve its customer-centric process. Entrepreneurs have a friend, an ally and a financial partner in National, regardless of the economic conditions around them.

About the National Business Capital

National Business Capital is a leading FinTech financial company that offers small business loans small businesses looking for growth capital. Harnessing the power of innovative technology and smart people, National Business Capital has streamlined the approval process to ensure more $1 billion funding for small business owners to date. Its expert business finance advisors work within a market of more than 75 lenders to ensure easy access to the best low-interest SBA loans, short-term and long-term loans, and commercial lines of credit. We strengthen local communities one small business loan at a time. For every transaction we fund, we donate 10 meals to Feeding America!

For more information, visit http://www.NationalBusinessCapital.com; email Press@national.biz or call (888) 488-GROW.

PRESS CONTACT

Lauren Coppolone
631-387-4163

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