May 6, 2021 5:48PM ET

Does Untuckit Have What it Takes to Win the ‘Increasingly Casual’ Workplace?

Untuckit will use a $30 million loan from Second Avenue Capital Partners to restructure debt and position itself for pre-pandemic growth. — A delivery driver pushes a cart past an Untuckit men's clothes store in Dallas, Tuesday, July 7, 2020. Some big corporate names are on the government's list of 650,000 recipients of coronavirus relief loans despite the controversy that prompted other high-profile businesses to return billions of dollars in loan. Untuckit, which has 85 shirt stores, had two loans between $5 million and $10 million.

CREDIT: AP Photo/LM Otero

After weathering the pandemic’s worst, Untuckit nabbed a $30 million vote of confidence in its business model and future. The 10-year-old shirting startup will use a $30 million senior secured term loan to rework its debt obligations, a move that co-founding CEO Aaron Sanandres said will “better position Untuckit to serve our loyal customers as…

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