How a Snack Food Manufacturer Secured Asset-Based Lending to Support a Business Turnaround

A Pennsylvania-based snack food manufacturer secured a $5 million borrowing base line of credit after struggling to refinance existing debt during a difficult business transition. With the right lending structure and banking partner in place, the company regained stability and continued its turnaround efforts.

Whitman Advisory stepped in to identify a better lending solution. Cristine O’Keefe introduced the company to a trusted non-bank asset-based lender that understood the business and its recovery potential. She also played an active role throughout the refinancing process, participating in lender discussions and helping guide how financial information was presented to prospective lenders. The new lender was able to purchase the existing note and create a financing structure designed to support the company’s long-term recovery and growth. 

The refinancing provided the company with renewed financial stability and a supportive lending relationship better aligned with its turnaround strategy. Today, the business continues to make steady progress, with its products still appearing on grocery store shelves as the company rebuilds and moves forward with confidence.