Business Capital Secures Organic Food Company Credit Line
Business Capital structured and secured financing for the leading producer of organic baby food in Canada.
The company is poised to further strengthen its leadership position in the Canadian organic baby food and kids snack market and strategically build its presence in the U.S., having agreements with an increasing number of prominent US distributors and retailers. The company required highly specialized financing, leveraging a combination of inventory, trademarks, intellectual property, and domestic and international receivables to support working capital needs and realize plans for strategic market expansion.
Business Capital successfully structured and secured the desired solution, which had proven elusive through traditional capital sources. With the new facility in place, the company will be able to accelerate its U.S. growth plans, continue to expand market share in Canada, and increase potential returns for its venture investors.
“This deal was especially unique in that we were able to leverage the trademarks and intellectual property for our young Canadian client to obtain this growth capital, which most formula based lenders were unable to do,” said Chuck Doyle, managing director of Business Capital. “The pricing and structure of this credit facility will assist them in realizing their immediate and long term plan to ramp up the business.”