BizCap structured and secured a $15 million line of credit for Sun Valley Raisins, which will use the line of credit to finance growth initiatives, including maximizing production volume capacity at its plant facility.
“The only thing I regret about engaging BizCap is that I didn’t do it much sooner,” Doug Moles, co-owner and operation manager at Sun Valley Raisins, said. “BizCap saved our company time, valuable resources and money by letting myself and our team concentrate on running the business and not hassling with lenders who don’t understand agriculture finance or our business. I recently referred another farmer and relative to BizCap, which is one of the highest forms of flattery.”
Sun Valley Raisins is a family-owned and vertically integrated fruit farming and processing company headquartered in the Central Valley of California with annual processing capacity ranging between 35,000 to 40,000 tons.
“The BizCap team was delighted to arrange financing for Doug, the Moles family and Sun Valley Raisins of California’s Central Valley, also known as ‘the world’s breadbasket,’” Chuck Doyle, president and CEO of BizCap, said. “This is another example of BizCap’s commitment to the agriculture and food and beverage industries, as well as our knowledge of commercial banking in these sectors. Sun Valley Raisins is a prominent, multi-generational family-owned business and we are proud to play a part in their continued growth and success.”
