Oxford Commercial Finance inks new accounts receivable facility
Yerbaé Brands Corp. (Yerbaé) announces today that it has secured a new accounts receivable and inventory line of credit of US$2.5m (Debt Facility) from Oxford Commercial Finance (Oxford Bank), a Michigan banking corporation, through its Delaware subsidiary Yerbaé LLC. The Debt Facility replaces the company’s prior credit agreement, is an upgrade to bank debt, and will help Yerbaé fuel its growth and support its ongoing operations.
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Posted on May 17, 2023 Region: USA
receivables finance Yerbae, Oxford Bank, Oxford Commercial Finance, debt facility, Yerbae Brands Corp, Bill Finn, Todd Gibson
