Business Capital secured a $25 million revolving line of credit and $5 million in mezzanine financing for CPI Luxury Group (dba China Pearl), a distributor and designer of pearls and pearl-based jewelry.

The company purchases high-quality raw materials in bulk direct from farmers located worldwide – including China, Japan and other areas in the South Pacific – and imports to the U.S. where it sells finished private label jewelry to major department stores, chain stores, independent and online retailers.

Outlets include Macy’s, Fred Meyer, JCPenney, Kohl’s, Helzberg Diamonds, Amazon and nearly 10,000 other vendors nationwide.

Business Capital was able to clearly underwrite the complexity of the seasonality, consignment and inventory balance, to secure both the revolving and mezzanine debt necessary to provide CPI with increased liquidity.

“I have owned my business for over 33 years and have never had the pleasure of working with a more committed and diligent team than the professionals at Business Capital,” said Harold Jabarian,CPI chief executive officer. “They exceeded our expectations, working nights and weekends, 24/7 successfully on our behalf, leveraging their knowledge, reputation and access to commercial capital. They delivered when others failed and saved us money along the way.”

“We are thrilled to have assisted in providing financing to support the continued growth and expansion of CPI,” said Chuck Doyle, managing director of Business Capital. “This deal exemplifies our unique ability to deliver highly customized solutions to our clients, which often includes creative multi-tranche financing packages. In this case, we refinanced China Pearl’s ABL revolving credit facility simultaneously with a Mezzanine facility to provide the liquidity Harold specifically requested.”