Why EGC?

Entrepreneur Growth Capital dates back to 1937. Dean Landis, the owner and President of EGC, represents the third generation of management.

At EGC, you will work directly with Dean and other senior officers. There are no credit committees to delay decision making. All senior managers have at least 20 years of experience in asset based lending or factoring. Clients receive a level of service unattainable by larger institutions.

By being independently owned, decisions are made quickly. As an asset based lender, EGC is more interested in management expertise and asset quality, than in financial statements and projections. Because we are not venture capitalists, we do not get involved with managing your company or receiving equity.

EGC primarily lends to businesses with sales from $1 million to $50 million. Funding can be structured as either a loan or a purchase of accounts, depending on the situation. Both long and short term funding are available. Funding can be based on accounts, inventory, machinery and equipment, and real estate.

EGC provides funding for companies that choose not to go to banks or venture capitalists. We specialize in innovative solutions to difficult situations. Within minutes of speaking to one of our representatives, you will know whether we can be of service.

 
Contact Us info@egcap.com

Recent Fundings

Type: Asset Based Lending
Amount: $1,500,000
Collateral: accounts receivable/real estate
Industry: Manufacturing
Location: NY
Date Issued: 07/09
This manufacturer has been in business since the 1930s and had always borrowed from banks.  It has a long history of success until it showed a loss in 2008.  Although the client still had a healthy balance sheet, its bank of several years asked them to find a new lender.  This deal is unique for two reasons:  1) its largest customer will barter its payment several times throughout the year and 2) EGC had to enter into an intercreditor agreement with an inventory supplier that has a first lien on their raw material.  EGC is also providing a $500,000 term loan against corporate owned real estate.  To make the real estate deal more attractive to the borrower, EGC is using a 15 year amortization schedule for the real estate.
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Type: Asset Based Lending
Amount: $1,750,000
Collateral: accounts receivable
Industry: Printing
Location: CT
Date Issued: 06/09
This third generation printer had fallen behind on payables and subsequently had tax liens.  This prompted their long term bank to ask them to exit.  EGC was able to replace their a/r facility and bring in a third party equipment lender.  This equipment lender was able to provide enough liquidity to get the client caught up on payables and taxes.
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Type: Asset Based Lending
Amount: $600,000
Collateral: accounts receivable
Industry: IT Consulting
Location: NJ
Date Issued: 06/09
This client had been with a bank that decided to go “upstream,” and no longer focus on loans under $1,000,000.  Because the client only invoices monthly, in order to get this deal done, EGC is providing a full advance on unbilled a/r.
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