Madison Street Capital acted as the exclusive investment banker to InteriorMark arranges a new senior line of credit with Sterling Commercial Credit. InteriorMark is a leading e-commerce furniture retailer with a customer driven focus to include quality and innovative design. The Company is a strategic partner of Best Buy with its products featured in more than 400 stores in the U.S. and they recently launched their Octane Seating with Best Buy Canada in 2015 with 192 locations.
“After completing our second transaction with Madison Street Capital in 2015 we remain extremely pleased with Reginald McGaugh and his team,” said Peter Goldstein Co-Founder & CEO. “They were very diligent in arranging our subordinated debt facility in Q1 2015 and fully satisfied our senior lending needs with the new line of credit with Sterling Commercial Credit”. “We are excited about our new senior line as it will allow us to take advantage of some significant B2B opportunities for our Octane Seating Brand,” said Bruce Tucker, Co-Founder & President. “We are committed to the team at Madison Street Capital and we view them as a long term partners.”
Founded in 2007, InteriorMark was formed based on an unmet need for e-commerce sales of furniture and accessories. The Company crafted a sophisticated business plan to meet this need with competitively priced, high-quality products showcased in an attractive, scalable, and highly intuitive shopping platform. The Company is a strategic partner of Best Buy with its products featured in more than 400 stores nationwide. The Company formed its own brand of furniture in March 2014 and has seen phenomenal results.
Sterling Commercial Credit is a family owned and operated financial service provider specializing in short term commercial lending. At Sterling our mission is to engineer creative working capital solutions for growth minded Entrepreneurs,’ which allows them to follow their dream with an industry leading, transparent commercial lending partner.