Azadian Group provides $850K to CA-based plastic resins distributor

The company is a major distributor of commodity plastic resins including polyethylene, polypropylene and polystyrene.

The company's previous banking relationship was failing to meet its growing financial needs.  The company identified a new long-term lender and is in the process of closing on that transaction.   However, the company required short-term bridge financing to cover supplier costs and working capital needs during the transition to its new lender, which we were able to provide very quickly.