Full-service mutual bank Cambridge Savings Bank’s (CSB) asset-based lending (ABL) team provided a new credit facility to Fabrizia Spirits, a citrus spirits manufacturer in the United States. The customized lending package is designed to enable the company to execute its strategic growth plans, expand distribution and enhance production efficiency through longer, more cost-effective production runs. Fabrizia Spirits plans to use the financing to scale its operations to meet rising consumer demand, while maintaining the high-quality standards for which the brand is known.
“Following years of hard work and hands-on efforts to build our business, it is beyond rewarding to see our continued success in an increasing number of markets nationwide,” Philip Mastroianni, co-founder and CEO of Fabrizia Spirits, said. “This company is a labor of love, and for that reason, we are very selective about the partners we work with. Cambridge Savings Bank’s deep involvement and their genuine effort to understand every aspect of our business made them the perfect fit for this next phase of our growth.”
“Our long-term goal at Fabrizia Spirits is to educate consumers about the authentic preparation of Limoncello while crafting enjoyable, all-natural citrus alcoholic beverages,” Nicholas Mastroianni, co-founder of Fabrizia Spirits, said. “Thanks to our partnership with Cambridge Savings Bank, we now have the flexibility to scale our business, maximize production and grow our presence, all while staying true to our commitment to quality and tradition.”
“Fabrizia Spirits has built a thriving business with an uncompromising approach to delivering exceptional service and superior products to its customers,” Michael Richardson, vice president, ABL relationship manager at CSB, said. “It has been a pleasure to become a part of the Fabrizia Spirits family by developing a financing package that leaves the company well-positioned to take advantage of future growth opportunities. We’re excited to support their continued success and expansion in the years to come.”
