Alantes provided a $3 million scalable accounts receivable and inventory line of credit along with a $790,000 machinery and equipment term loan and a $150,000 real estate term loan for Chef’s Requested Foods.

Oklahoma-based Chef’s Requested Foods began as a local meat purveyor and has built a solid reputation processing premium quality, value-added meats. Like many other small businesses, the company’s growth trajectory put a strain on the relationship with its current lender. The company tripped a net income covenant and as a result, the bank began proceedings to exit the relationship despite positive cash flow and year over year growth.

Alantes refinanced the existing bank debt with more appropriate risk-adjusted capital and provided working capital to help fuel the continued growth of the company.

“We are very thankful for the expertise and success that Alantes was able to provide Chef’s Requested Foods during this critical business juncture,” said Chef’s President John Williams. “At the end of the day, our business can continue providing its quality products to our clientele with financing partners supporting us that are aligned with our growth trajectory.”

New York-based Alantes Corporate Finance specializes in capital raises and strategic advisory for small to middle market businesses across the nation.