NewStar Business Credit provided a $5 million credit facility to Three J’s Distributing. Established in 1985, Three J’s is a regional distributor of breads, pastries, chips and coffee. Located in Clackamas, OR, the company distributes a wide range of products &emdash; including its own brands &emdash; to supermarkets, club-stores and other retail outlets across the western U.S. The credit facility will be used to support the company’s working capital needs.

“Three J’s is a well-run company and we are pleased to have the opportunity to support their business objectives,” stated NewStar EVP and national marketing manager, Milton Iskra.

The transaction was originated by Lisa Adams, a Senior Vice President located in NewStar’s Portland office.

“This was our company’s first ever line of credit. NewStar guided us through the entire process. Their team understands that financing is a two-way street and the structure of the loan has to work for both the lender and the borrower. NewStar spent the time necessary to understand every aspect of our business. And, they used that knowledge to structure the deal in a manner that created realistic operating parameters for our business,” commented Lanz Fritz, Three J’s CFO.