Avidbank Specialty Finance has extended an $8-million asset-based line of credit to Yes To, Inc. Yes To recently unveiled a range of new products inspired by cotton, charcoal and other key ingredients.
“Yes To has reemerged as an innovative leader in the fast-growing natural beauty space,” said David Mannix, partner at San Francisco Equity Partners. “We chose Avidbank as a lending partner for Yes To because we knew they would move quickly and would be able to scale with the company.”
“The credit facility provided to Yes To reflects our continued commitment to build market share in the asset-based lending arena,” said Larry LaCroix, executive vice president and division manager of Avidbank Specialty Finance. “Moreover, our ongoing relationship with San Francisco Equity Partners has benefited a number of new portfolio companies, as well as broadened Avidbank’s reach into new markets.”