OfficeMart Secures Financing Through The Barrett Edge for Explosive Growth During COVID-19 Pandemic
The Barrett Edge (TBE), a private investment firm focused on providing growth capital and strategic oversight to companies experiencing accelerated growth, is pleased to announce that TBE has secured financing to fund the next growth stage for OfficeMart, a provider of over 70,000 discount office supplies and business supplies.
With the onset of the novel coronavirus called COVID-19, OfficeMart is experiencing high demand for personal protection equipment (PPE), including masks, gloves, hand sanitizer and sanitizer wipes to help prevent the spread of the virus. The new capital will assist OfficeMart in filling these orders.
“It has been difficult securing capital because most lending sources for small-to-medium size businesses have been extremely risk averse. We are ecstatic to have been introduced to The Barrett Edge because they provided a facility line to fund our explosive growth, as we project to generate over $25 million in revenue in the coming months. This allows us to keep expanding our operations, even during a time of crisis,” commented Jason Angel, CEO at OfficeMart.
“During these challenging times we have the economic resources and are able to bear the financial risk to deliver financing to successful companies who thrive in the face of adversity,” said Barrrett Ehrlich, CEO and founder of TBE. “We are glad to be a part of the OfficeMart story in growing their business during the coronavirus pandemic.”
If your company is undergoing expansion and in need of capital to support that growth, we have funding that you can take advantage of to meet your demand. To learn more how we can help, contact Andrew Klips, TBE Managing Director, at [email protected] Let us be part of your success.
The Barrett Edge, Inc.
Andrew Klips, Managing Director
2699 Stirling Road
Fort Lauderdale, FL 33312
(646) 863-7121 Ext. 122