Daily News: December 31, 2014

Business Capital Restructures, Secures $3MM Loan

Business Capital announced it restructured and secured financing for a regional provider of high-quality custom hay harvesting in California, with a fleet of tractors, balers and related equipment.

The company provided a $3.MM convertible note (B-round) investment in a mining company, which will be using the proceeds to fund operations in anticipation of a C-round share offering.

BizCap was able to structure and secure a $3MM senior secured term loan which provided the company with the necessary capital to take advantage of the investment opportunity.