California Bank of Commerce (CBC) completed a $4 million asset-based revolving credit facility with a wholesale reseller of porcelain cookware and dinnerware. CBC was initially engaged as the business sought to establish a relationship with an Asset Based Lender better suited to help it navigate its current credit needs and future plans. The credit facility will be used to pay off an existing facility with an incumbent lender and to support accounts receivable and inventory.

The Northern-California based company was founded in the 1950s, at a time when many kitchen tools used in gourmet cooking were unavailable in the U.S. The company’s French founder sought to bring the best of French ovenproof porcelain, traditional tin-lined copper cookware, professional bakeware, cutlery and many other kitchen necessities to the U.S. West Coast. Today, the business continues to grow, serving the gourmet marketplace and foodservice industry with a comprehensive selection of porcelain and ceramic cookware, as well as kitchen tools and gadgets.