Huntington Business Credit closed a $13,000,000 new credit facility with G.P. De Silva Spices, Incorporation on July 15, 2022. Proceeds of the facility were used to refinance existing indebtedness and provide ongoing working capital growth financing.
              
G.P. De Silva Spices, Incorporation, headquartered in Pico Rivera, California, is an importer, manufacturer and processor of spices, chilis and herbal ingredients for retail and wholesale distribution.
                           
Huntington Business Credit provides working capital and term loan facilities to middle market companies for acquisitions, LBO’s, MBO’s recapitalizations, rapid growth, seasonal working capital build-up, and turnaround situations.