Commercial equipment and project finance provider First National Capital Corporation funded $32 million of new production lines for a protein processor in the U.S.

Facing challenging market conditions, declining debt service converge, customer concentration impacts and vulnerability to commodity prices, the company was seeking funding for new product lines to support growth for a complex big-box retailer agreement. First National Capital provided debt financing that enabled the company to invest in growth with progress payments while offering complementary capital to the senior lending relationship.

“When economic forces mount and companies work to reimagine and reinvest in growth, traditional lending often relies so heavily on historical trends they are unable to fund the transition,” Ben Frank, chief revenue officer of First National Capital Corporation, said. “This transaction is another example of how our team can go beyond the numbers and into the strategic vision of the management team to find the confidence to move forward when others retreat.”