Overnite Capital’s commitment to enabling small and medium sized businesses’ use of strategic, non-equity finance to fund business growth is highlighted on ABLA Advisor. Through her drive to bring the Fabulous Floor brand to the forefront of all matters flooring, Margo Locust, publisher of Fabulous Floors, is the epitome of entrepreneurship.
Here’s the ABLA story about the Overnite Capital deal with Fabulous Floors!
Overnite Capital Provides Credit Facility to Fabulous Floors Magazine
November 12, 2014, 07:16 AMFiled Under: Publishing Related: Credit Facility, Factoring
Overnite Capital recently entered into a $250,000 credit facility with Fabulous Floors Magazine, L.L.C., the leading consumer publisher in the floorcovering industry that publishes the quarterly Fabulous Floors and specialty publications for the laminate, tile and wool sectors, among others.
Overnite Capital is serving as administrative agent and factoring agent for the transaction that includes a revolving line of credit for working capital and letters of credit.
Margo Locust, Fabulous Floors’ Publisher and Editor in Chief, said, “Our relationship with Overnite Capital gives Fabulous Floors a platform to grow the magazine and produce specialty publications not only in flooring, but allied sectors. I trust the team at Overnite Capital to deliver a loan structure that meets the needs of our growing business.”
Overnite Capital offers over three decades of commercial factoring experience in a wide range of industries. Overnite Capital fills a void in the market for sophisticated operators of companies who want reasonable pricing without minimums or restrictive covenants. Overnite Capital offers personalized service, with a pricing structure that is fair and flexible.