Mitchell Gold + Bob Williams (MG+BW) has taken a $25 million secured loan from Salus Capital Partners, LLC to provide working capital for general corporate purposes.
“Both Bob and I, and our partners at Wafra, are pleased to enter into this new arrangement with such a highly-professional lending group like Salus. This gives us the opportunity to operate more efficiently and effectively, and maximize our growth plans," said Mitchell Gold, Co-Founder and Chairman of MG+BW in a statement.
“Since the inception of the company, Mitchell and Bob have remained committed in their approach of furniture design with an emphasis on delivering comfortable and stylish home furnishings for a reasonable price," said Marc S. Price, Senior Vice President, Loan Originations and Corporate Strategy of Salus Capital Partners. "This emphasis has been instrumental in their success and is aligned perfectly with our dedicated and customized product offering for the furniture industry.”
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