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.
BizCap opened an office in Dallas, marking another milestone in its national geographic expansion plan. David Schubel, BizCap’s vice president of originations, will lead the growth effort for the new Dallas office.
Karen Gottwald joined BizCap, a national commercial finance and advisory firm, as senior vice president and business development officer. Coinciding with the hiring of Gottwald is the opening of BizCap’s new office in Tampa, FL. Based in both Florida and Illinois, Gottwald will be responsible for new business origination throughout the United States.