First Business Bank’s asset-based lending team closed a $25 million asset-based credit facility, consisting of a revolving line of credit and real estate term loan, to refinance an established nut processing company in California. The financing solution supports the company’s ongoing working capital needs and enhances financial flexibility for continued operations.
“We’re pleased to provide this comprehensive refinancing solution for a well-established California-based nut processor,” Steve Ogus, senior vice president – asset-based lending at First Business Specialty Finance, a subsidiary of First Business Bank, said. “This facility supports the company’s seasonal working capital needs and provides the financial flexibility to support their continued growth.”
