Foothills Capital Advisory closed a term loan and line of credit facility for Top Pot Doughnuts & Coffee, a Seattle-based doughnut and coffee brand known for its handcrafted products and multi-channel retail and wholesale platform. The financing will be used to refinance more expensive existing debt while also providing additional working capital to strengthen the company’s balance sheet and support continued expansion.
“Foothills Capital was an important partner to advise us and help us secure a flexible, customized credit that supports our business in a prudent way and positions us to capitalize on future market opportunities,” Jim Eschweiler, CEO of Top Pot Doughnuts & Coffee, said. “This financing allows us to meaningfully improve our capital structure while also providing the liquidity needed to continue scaling our platform.”
Nabil Istafanous, founder and managing partner of Foothills Capital Advisory, added, “We’re proud to support Top Pot Doughnuts & Coffee in securing the capital they need to help them scale and achieve their strategic goals. This deal reflects our ability to connect businesses with tailored capital solutions when traditional financing isn’t a fit.”
The facility was provided by Merriweather Group Capital, which specializes in providing opportunistic bridge capital to small and mid-sized businesses navigating strategic milestones such as refinancing, operational expansion and growth acceleration.
