Business Capital provided $36 million of acquisition/recapitalization financing for an award-winning winery based in Napa Valley, CA.
Business Capital delivered financing to New Zealand-based car rental company JUCY Group. The new credit facility will fund JUCY’s strategic expansion plan, beginning with the purchase of additional vehicles.
Business Capital has secured a growth capital facility for Wholesome Nut Company, a worldwide supplier of choice California nuts, primarily almonds and walnuts.
Business Capital delivered a working capital facility to the U.S. operations of Kellton Tech Solutions, a worldwide IT solutions company based in India.
Business Capital structured and secured $10 million of mezzanine financing for the largest independent fabricator and installer of steel bar products and post-tension cables in California and Nevada.
CIT named Mike Jones president of Business Capital, replacing Steve Solk who will focus on Consumer Banking. Jeff Lytle was named president of Rail, replacing George Cashman who will retire.