BizCap Secures $10MM Asset-Based Line of Credit for Beauty Company
Commercial finance firm BizCap secured a $10 million asset-based line of credit for a company in the beauty industry to refinance existing debt and fuel growth.
Commercial finance firm BizCap secured a $10 million asset-based line of credit for a company in the beauty industry to refinance existing debt and fuel growth.
BizCap, a commercial finance advisory firm established in 2002, assisted Performant Financial, primarily operating under subsidiary Performant Healthcare Solutions, in securing a $25 million credit facility.
BizCap structured and secured a $35 million revolving credit facility for Threshold Enterprises, a manufacturer and distributor of dietary supplements and healthcare products, including the Source Naturals and Planetary Herbals brand supplements.
BizCap collaborated with CodeScience, an independent software development and services vendor, by securing the company a multimillion-dollar asset-based line of credit.
Kylie Whetsel has joined BizCap, a provider of financial solutions for small and lower middle market businesses, as marketing manager. In this role, Whetsel will be responsible for developing and executing strategies that will further enhance the company’s visibility and growth in the marketplace.
BizCap structured and secured $45 million in financing for its repeat client, Nivagen Pharmaceuticals, a specialty pharmaceuticals company engaged in the development, acquisition and sales of generic prescription drugs and over the counter products for the North American market.
BizCap expanded its team with the hiring of Andrew Tinger as vice president of originations. In this role, Tinger will be responsible for expanding BizCap’s presence in the commercial credit market.
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.
BizCap structured and secured $25 million in financing for Auto Finance Solutions, a financing source for independent used car dealerships to purchase wholesale inventory throughout the United States.
BizCap structured and secured $8.7 million in financing for 55th Crossing, a more than 300-acre residential real estate development located in Minot, ND.