Dwight Funding announced that it has provided a credit facility to Chubbies, Inc., an e-commerce apparel company. Proceeds from the facility will provide working capital to finance continuing and new growth opportunities.
Based in San Francisco, Chubbies was founded by four Stanford University graduates in 2011. Their unique line of shorts, swimsuits and shirts has grown increasingly popular amongst a wide variety of customers, including a strong following in the American armed forces.
Chubbies’ co-founder Kyle Hency stated,
“It’s imperative for a company at our stage to find a lending partner that can provide flexible, scalable capital, so management can comfortably and confidently focus on operations. Dwight Funding has given us this comfort and we are excited to have this partnership as we continue to grow.”
Jessica Bates, Director at Dwight Funding said,
“We are extremely excited to add Chubbies to our portfolio of growing consumer product brands. Chubbies has seen tremendous growth over the past five years through non-traditional channels such as university ambassadors and social media. We are thrilled to support this unique brand, backed by creative, enthusiastic and savvy entrepreneurs, as it catapults forward.”
About Chubbies
Chubbies Shorts is a lifestyle e-commerce brand based in San Francisco, California that produces clothing and content built for the weekend. Originally selling short shorts for men, the company has since expanded its offerings to include swim trunks, Hawaiian shirts and half-zip sweatshirts. In addition to clothing, Chubbies places a heavy emphasis on the creation of original content and boasts an active and dedicated social community of approximately 3 million “Chubsters.” The Weekend has Arrived. www.chubbiesshorts.com
About Dwight Funding
Dwight Funding is a leader in providing working capital solutions and lines of credit to early and growth stage businesses. Dwight partners with entrepreneurs to provide funding solutions designed specifically for the unique needs of growing consumer brands. Our products are structured to work alongside seed or private equity funding by covering all working capital needs of E-commerce, Food and Beverage, and general CPG companies.
