Business Capital Secures Revolver for Coffee, Tea Provider
Business Capital has syndicated a $600,000 senior revolving credit facility for a premium coffee, tea and chai company providing products domestically and around the world. The new credit facility will serve to fund the company’s aggressive growth and distribution plans.
The company provides a full spectrum of specialty tea, coffee and accessories in 25 countries around the world and is one of America’s premier chai brands now available in cafes, restaurants, and specialty food stores across the U.S.
Business Capital was referred by the client’s bank, which could not put together a competitive loan package to fund its plans for rapid growth. Business Capital worked with its lending partners to successfully structure an optimal financing solution to enable the client to move forward with its plans to expand into bottled beverages and other product offerings and increase distribution worldwide.
“We are delighted to have worked on this financing facility,” said Chuck Doyle, managing director of Business Capital. “Our client had aggressive plans to grow an assortment of complimentary products and increase penetration both to local and international markets but was unable to secure traditional financing, primarily due its rapid growth and inability to leverage international assets. We were able to understand and present the international nature of their financial situation clearly and concisely to carefully selected lending partners, resulting in providing the client with the most competitive and intelligently structured financing package tailored to meet their needs for a successful growth strategy.”
Business Capital is a corporate finance company and debt restructuring firm that specializes in business loans for small- to middle-market companies.