Sawgrass Finance Closes $6 Million Loan to Respected Seafood Wholesaler
August 26, 2025
FLORIDA - Sawgrass Finance, the Ponte Vedra-based asset-based lender, today announced the funding of a $6 million asset-based loan to a revered Florida-based seafood wholesaler.
A widely respected family-owned enterprise, the specialty seafood company has faithfully supplied grocers, retailers, and restaurants across Florida and beyond for almost 90 years. But when the business experienced rapid growth amidst shifting lending parameters, its owners needed an alternative lending source on short notice. Recognizing their formidable accounts receivable and inventory, a banker connected the deserted borrowers to Sawgrass.
“This borrower was the perfect fit for Sawgrass’s unique lending solution,” explained Sawgrass Finance Founder Marius Dobren. “Strong accounts receivable and inventory made a clear case for their operation’s veracity yet failed to meet the narrow lending criteria of most traditional lenders. We worked hand-in-hand with our banking partners to extend a $6 million safety net to a deserving entity.”
Structured as a working capital line of credit, the loan gives the business owners both immediate assurance and forward-looking flexibility to whether the market’s inevitable ups and downs. Restaurants and grocers throughout the Southeast will remain stocked without interruption as a result.
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About Sawgrass Finance
Sawgrass Finance is a Northeast Florida asset-based lender that empowers a business owner to leverage their company’s liquid assets to secure a flexible line of credit without sacrificing equity ownership, customer perception, or future bankability.
Our hands-on partnership with business owners prioritizes continuous improvement and promotes long-term success.
Sawgrass proudly serves small, medium, and large businesses across Manufacturing, Wholesale/Distribution, Importers, Food & Beverage, Staffing Services, Apparel & Accessories,Logistics, Oil & Gas, Technology, and more.