BizCap Secures $17MM Asset-based Revolving Line of Credit for Poindexter Nut Company
SAN FRANCISCO–(BUSINESS WIRE)–#commercial—BizCap®, a leading national commercial finance and advisory firm, announces it has secured a $17-million asset-based revolving line of credit for Poindexter Nut Company, one of the largest nut processors and sellers in the state of California. The recently secured financing will empower Poindexter to accomplish its objectives of restructuring existing debt and fueling its strategic growth initiatives. Poindexter plans on putting the capital infusion to work over the next year harvesting fresh nuts from growers and marketing products to prominent food companies both domestically and internationally.
“Never in my career as a commercial finance professional have I encountered an advisory firm that earned their fee more than the team at BizCap,” said Deborah Monis, Controller at Poindexter. “I was humbly grateful to have worked alongside them and for their expertise, connections, diligence and for showing much patience and encouragement with me in the process. The BizCap team is a class act!” she added.
Chuck Doyle, President & CEO of BizCap, stated, “There is no greater satisfaction than delivering for clients when the chips are down, especially in this volatile, uncertain and complex market of commercial lending. Poindexter Nut Company, like many of our clients in the agriculture sector, are the backbone of our country and deserve the best cost of financing with the most intelligent structures and that is exactly what our process secured for them.”
About BizCap
BizCap® (Business Capital since 2002) is a time-tested national commercial finance and advisory firm specializing in securing customized non-dilutive credit-based solutions for rapidly growing as well as challenged middle market companies nationwide who require unique, timely and tailored financing structures to address their particular needs, especially when conventional sources of capital are not an option. BizCap is a proud supporter of Team IMPACT, a national nonprofit that connects children facing serious and chronic Illnesses with local college athletic teams, forming life-long bonds and life-changing outcomes.
Contacts
Media Contact: Kylie Whetsel, [email protected]
Business Inquiries: Chuck Doyle, [email protected]
