Asset Based Loan
Our Client, headquartered in the Central Valley of California, is one of the largest nut processors and sellers in the state with annual processing capacity ranging between 50 to 60 million pounds. In addition to processing, the Company owns and operates several hundred acres of farmland. BizCap has been engaged to secure a $35MM formulaic LOC, or ABL facility, to refinance ~$25MM outstanding under its incumbent LOC. The new facility will primarily be secured by A/R and nut inventory.