Mitsubishi HC Capital America, a non-bank, non-captive finance provider in North America, provided a $4 million revolving asset-based line of credit to The Fresh Factory, a company focused on accelerating the growth of fresh, clean-label, plant-based food and beverage brands.
The Fresh Factory secured the line of credit for working capital and general corporate purposes. Additionally, the company is utilizing an equipment lease structure from Mitsubishi HC Capital America to increase capacity and allow for future expansion.
With a new lending facility in place, the company has plans to scale operations, invest in growth opportunities and expand its reach.
“We are proud to support The Fresh Factory with a flexible lending solution that aligns with their mission and growth strategy,” Mike Semanco, president and chief operating officer of the business finance division at Mitsubishi HC Capital America, said. “Our asset-based financing and equipment leasing are uniquely designed to help innovative companies like The Fresh Factory scale efficiently while maintaining the agility needed to compete in a fast-changing and dynamic market.”
Bill Besenhofer, CEO and co-founder of The Fresh Factory, said, “Working with Mitsubishi HC Capital America provides us with additional financial capacity to accelerate our growth plans. We’re excited to have found a partner that appreciates our purpose and supports our efforts as we strategically scale our company in support of improving our country’s food system.”
