Azadian Group provides $300K to importer/distributor of premium tobacco products
/The company is an affiliate of a firm that has been successfully manufacturing and distributing e-cigarette, vaping and hookah products for many years, primarily on the West Coast. The company won an exclusive U.S. distribution license from a Middle Eastern supplier of premium hookah tobacco and has been importing and distributing several shipping containers of product monthly. The company required additional capital to support strong demand for the tobacco products. We were willing to provide the necessary funding upon receipt of shipping documents, collateralized by the products, existing AR and inventory, and cross-collateralized by the affiliate's assets (AR, inventory, and equipment). The funding will allow the company to import a large quantity of inventory in time to fulfill orders expected at a major tobacco trade show.