BizCap secured a $20 million credit facility for Schweizer, a manufacturer of helicopters and an aviation industry parts supplier. The new asset-based loan credit facility will be used to finance production, enabling Schweizer to meet the increased demand for its helicopters, repair services and spare parts.
“We’re thrilled with the work BizCap conducted to secure this new debt facility for our growing company,” David Horton, president and CEO of Schweizer, said. “The team at BizCap leveraged their market knowledge and expertise to deliver a solution that will enable us to execute on the next phase of our growth strategy.”
Schweizer was founded in 2017 in Fort Worth, TX, to continue manufacturing the Schweizer brand of helicopters and its spare parts. The Schweizer brand has a history dating back to 1956 and the first Hughes 269, the helicopter model that would later become a Schweizer. Since the first model’s inception, approximately 4,000 of the company’s helicopters have been sold.
“The management team at Schweizer was a pleasure to work with,” Chuck Doyle, president and CEO of BizCap, said. “Once we developed a deep understanding of their business and their strategic advantages in the aviation industry, we knew we could secure a financing solution to support their growth.”
