Azadian Group's Small Business Growth Fund provides $60K to national footwear wholesaler

The family-owned company, in business for several decades, ran into some cashflow issues due to the labor strikes at West Coast shipping ports.  They already factored all their accounts receivable and were unable to obtain additional funding from the senior lender.  We agreed to take a second position on the company's assets and were able to immediately fund $60K, with approvals in place for an additional $350K at the company's discretion.