First National Capital Provides $32MM for New Production Lines for Protein Processor

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.”

Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.