BizCap (Business Capital since 2002) structured and secured multi-tranche credit facilities totaling $40 million for a branded cheese producer and processor in California.
Business Capital (BizCap) added Cooper Brown as an analyst. Brown will assist BizCap’s credit and capital markets departments with underwriting, syndication, debt market analysis and reporting.
Business Capital (BizCap) structured and delivered a $12 million asset-based line of credit for a producer of asphalt sold primarily to highway construction companies in California.
Business Capital added David Schubel as a vice president of originations. Based in Texas, Schubel will develop and manage new business opportunities in the Southwest region, working with capital markets and credit teams, partners and clients.
Business Capital added Matt Christensen as senior vice president and team lead. Christensen has more than 25 years of experience and has served at GE Capital, Bank of America/Merrill Lynch, Opus Bank, Bridge Bank and City National Bank.
Business Capital structured and delivered an $8 million secured asset-based credit facility for Nivagen Pharmaceuticals, a developer of generic prescription drugs for the North American market.
Business Capital structured and delivered a credit facility to Innominds Software, a provider of convergent design, technology and engineering solutions.
Business Capital added Brendan Devlin as production manager.
Business Capital structured and delivered an $8 million asset-based credit facility to a full-service supplier of snack foods and general merchandise throughout the U.S.
Business Capital delivered a $6 million term loan to the Vezer Family Trust, an entity which owns, among other things, an estate winery and vineyard in California.