date:Jan 14, 2014
MamaMancini's Holdings, Inc., an emerging manufacturer and marketer of specialty pre-prepared, frozen and refrigerated all natural food products (as defined by the United States Department of Agriculture), today announced that it has secured a three-year, $1.5 million financing with FGI Finance.
The Company has begun to draw down on this facility, which is backed by the company's assets including accounts receivable and inventory. Interest will be at a rate equal to the greater of 6.75% or 2.5%