Business Capital provided construction financing for Idaho-based vineyard 3 Horse Ranch Vineyards. The credit facility will support a new winery that will increase production capability and revenue generating events.
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 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.
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 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.