White Rock Advisors, LLC is pleased to announce it recently advised a consumer products manufacturer (“The Company”) on securing a $5.0 million line of credit with Legacy Texas Bank.
The Company provides research and development, quality assurance and quality control for nutritional supplements, free flowing powders, spice blends, hair care products and skin care products. The company also has compounding and production capabilities in climate-controlled raw material storage, self-contained compounding suites and multiple packaging configuration.
The Company plans on using the line of credit to invest approximately $500,000 in new equipment immediately, with the balance used to expand its operations. A team from White Rock Advisors, led by Simon Martin and Greg Hext, advised management of The Company on securing the line of credit.