FSW Funding (“FSW”) is pleased to announce the completion of a $5.0 million financing facility to a Rocky Mountain-based ammunition designer, manufacturer, and marketer (the “Client”) for products in the sporting goods industry.
The Client, after a recent acquisition, was able to gain more control of their supply chain and were well-positioned for immediate growth, but for a variety of reasons, were unable to work out a beneficial deal with other lenders and banks.
A referral to FSW was made directly from a trusted bank ABL partner who also was unable to help the Client, but wanted to maintain and cultivate the relationship. Upon introduction, review, and due-diligence, FSW provided an initial facility of $5MM (including an ‘accordion’ to $7MM) within the original timeframe set by the Client.
“It’s really exciting to see FSW expand into new industries, especially one as fast-growing and unique as this! We are always looking to diversify our client portfolio, and see the sporting goods and ammo industry as one that will continue to grow,” said Managing Member and Founder Robyn Barrett. “We want our clients to think of FSW as their partner, using us for both funding and consulting needs where appropriate. When our client grows, FSW grows. We are always looking for new opportunities for that growth, regardless of the type of business or industry. I think this is a great opportunity for the Client to reach heights they might not have been able to get to before, and that couldn’t motivate us more!
About FSW Funding
FSW Funding is headquartered in Phoenix, AZ and is a leading factoring and commercial finance firm that offers flexible and affordable lines of credit to small and mid-size business-to-business and business-to-government companies. For more information, visit fswfunding.com.