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Bailey Street secures credit

By Furniture Today Staff -- Furniture Today, January 4, 2010

DALLAS — Accent furniture specialist Bailey Street Holding Co. has obtained a new asset-based revolving credit facility with Boca Raton, Fla.-based First Capital.

The agreement provides for up to $3 million in revolving loans that can be used for working capital needs and other items.

Bailey Street officials said the new credit facility provides the company with additional liquidity and flexibility to grow in a difficult economic environment. The facility also gives Bailey Street funds to partner with good but undercapitalized furniture companies, said Jim Berk, CEO of Bailey Street.

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Bailey Street obtains $3 million credit facility

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