SAN FRANCISCO--(BUSINESS WIRE)--BizCap®, a national commercial finance and advisory firm, today announced it has successfully structured and secured a $15 million line of credit for Sun Valley Raisins, based in California’s Central Valley. This line of credit will be used to finance growth initiatives, including maximizing production volume capacity at Sun Valley Raisins’ plant facility.
“The only thing I regret about engaging BizCap is that I didn’t do it much sooner,” said Doug Moles, co-owner and operation manager at Sun Valley Raisins, Inc. “BizCap saved our company time, valuable resources and money by letting myself and our team concentrate on running the business and not hassling with lenders who don’t understand agriculture finance or our business. I recently referred another farmer and relative to BizCap, which is one of the highest forms of flattery,” he added.
Sun Valley Raisins is one of the largest family owned, vertically integrated, fruit farming and processing companies headquartered in the Central Valley of California, with annual processing capacity ranging between 35,000 to 40,000 tons.
“The BizCap team was delighted to arrange financing for Doug, the Moles family and Sun Valley Raisins of California’s Central Valley, also known as The World’s Breadbasket,” said Chuck Doyle, president and CEO of BizCap. “This is another example of BizCap’s commitment to the agriculture and food and beverage industries, as well as our knowledge of commercial banking in these sectors. Sun Valley Raisins is a prominent, multi-generational family-owned business and we are proud to play a part in their continued growth and success,” he added.
BizCap recently announced the successful financing for its client Elevate Addiction Services, leader in drug and alcohol recovery services.
About BizCap
BizCap® (Business Capital since 2002) is a time-tested national commercial finance and advisory firm specializing in securing customized non-dilutive credit-based solutions for rapidly growing as well as challenged middle market companies nationwide who require unique, timely and tailored financing structures to address their particular needs, especially when conventional sources of capital are not an option. BizCap is a proud supporter of Team IMPACT, a national nonprofit that connects children facing serious and chronic Illnesses with local college athletic teams, forming life-long bonds and life-changing outcomes.
