Marco Provides $10M Asset-Based Lending Facility to US Pharma Distributor

Marco, a full-stack fintech company headquartered in Miami, has recently funded a $10 million Asset-Based Lending (ABL) revolving facility for a pharmaceutical wholesaler that distributes to independent pharmacies across the United States. The financing, which involves loans secured by accounts receivable and inventory, replaces a prior bank loan that had constrained the company's growth. This transaction underscores Marco's commitment to providing financial solutions for businesses of all sizes.

Barry Kastner, EVP & Senior Managing Director at Marco, originated and led the transaction. "Supporting businesses with our various financial solutions is core to our mission," Kastner stated. "This transaction underscores our ability to help companies in a variety of industries achieve their growth objectives."

The Chief Financial Officer of the pharmaceutical distributor commented, "Our partnership with Marco is pivotal in enhancing our financial strategy and growth potential. Their support is invaluable as we continue to deliver exceptional service and products. I have dealt with several financings in my career, and Marco's process was the most efficient and professional."

Over the years, Marco has strategically expanded its reach, positioning itself as a trusted partner for SMEs seeking reliable financial solutions. By leveraging advanced technology, Marco streamlines processes and makes funding more accessible. The company's continuous enhancement of its service offerings has solidified its standing as a leader in the fintech space, delivering financial solutions both domestically and internationally that drive business success and economic development.

GVC Advisory Services, which served as advisor to the client, added, "GVC Advisory Services Ltd is privileged to place this pharmaceutical company with Marco Financial for the completion of an ABL facility to finance A/R and Inventory. This facility will allow for significant growth and expansion. Marco is made up of some very professional people who also made the process very smooth and efficient. Marco is quite competitive in this specific sector of the ABL world."