FGI Provides I and Love and You with $10MM ABL Facility
“I and love and you” partnered with FGI because they took the time to both understand our business and to offer us the working capital funding needed to support our growth. They were incredibly diligent and motivated to present us with a customized creative solution for both our short-term and long-term goals. Our company prides itself on creating the best possible products for our customers and working with FGI allowed us to fulfill those promises without compromising on quality or integrity.”
“I and love and you” (“ILY”) is the next generation brand of premium, holistic pet food and treats. Based in Boulder, Colorado, the Company makes super premium pet food and treats that contain everything pets need to be happy and healthy and none of what they don’t.
All products are made with real meat, containing no fillers or artificial ingredients, and are approved by a holistic veterinarian for uncompromising quality. “I and love and you” symbolizes the deep bond of love between pets and their people and puts love into everything they do, which is why they put it right in their name. The Company’s products can be conveniently found at retailers nationwide including Albertsons Safeway banners, Kroger, Publix, and more, and online at iandloveandyou.com, Amazon, Chewy and Thrive Market.
In 2021, the Company continued to have increased demand for its products but was also navigating challenges driven by changes in the global supply chain. An expanded and enhanced working capital facility was determined to be the right strategic addition to the Company’s balance sheet to help support this growth.
In late 2021, FGI developed a relationship with ILY to deliver a comprehensive financing solution to assist in ILY’s growth plans. FGI allocated an increased $10MM ABL facility against the company’s receivables and inventory, helping to support their growing sales demand, expediting the fulfillment process and helping ILY’s staff better improve their invoicing and collections protocol. With this new facility, ILY is able to continue to support their significant growth plans and maintain their mission of providing the very best quality products for their customers.
