Marco Prescribes $10 Million ABL Facility for Pharma Distributor ...
MIAMI —
Marco has recently funded a $10 million Asset-Based Lending (ABL) revolving facility for a pharmaceutical wholesaler that sells to independent pharmacies across the US. This significant financing, involving loans against accounts receivable and inventory, replaces a bank loan that restricted the company’s growth, and highlights Marco’s commitment to supporting all-sized businesses with innovative financial solutions.
Barry Kastner, EVP & Senior Managing Director at Marco, originated and led the transaction. "Supporting businesses with our various financial solutions is core to our mission," Kastner noted. "This transaction underscores our ability to help companies in a variety of industries achieve their growth objectives."
The Chief Financial Officer of the pharmaceutical distributor commented, "Our partnership with Marco is pivotal in enhancing our financial strategy and growth potential. Their support is invaluable as we continue to deliver exceptional service and products. I have dealt with several financings in my career, and Marco’s process was the most efficient and professional"
Marco has strategically expanded its reach over the years, establishing itself as a trusted partner for SMEs seeking reliable financial solutions. Leveraging advanced technology, Marco streamlines processes, making funding more accessible. The company's continuous enhancement of its service offerings has solidified its position as a leader in the fintech space, delivering financial solutions both domestically and internationally that drive business success and economic development.
GVC Advisory Services served as advisor to the client and added, “GVC Advisory Services Ltd is privileged to place this pharmaceutical company with Marco Financial for the completion of an ABL facility to finance A/R and Inventory. This facility will allow for significant growth and expansion. Marco is made up of some very professional people who also made the process very smooth and efficient. Marco is quite competitive in this specific sector of the ABL world."
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About
Marco is a full-stack fintech company, co-founded by CEO, Jacob Shoihet, and COO, Peter Spradling, in 2020. Headquartered in Miami, with offices in New York and Montevideo, Uruguay, Marco specializes in comprehensive trade financing solutions. The company leverages advanced technology to offer tailored financial services, focusing on efficiency and customer-centric solutions. For more information, visit Marco.
