Business Capital announced it has structured and secured a $3 million property and equipment term loan for a provider of hay harvesting services. The company is one of the largest regional providers of high quality custom hay harvesting in California, with a fleet of tractors, balers and related equipment.  It has an extensive, long-term customer base, many of which are located overseas where hay is used in the high-end cattle market and requires a detailed approach to harvesting and delivery to very particular foreign specifications.

The company had the opportunity to  provide a $3 million convertible note (B-round) investment in a mining company, which will be using the proceeds to fund operations in anticipation of a C-round share offering. The B-round note offering is far below the real asset value of the mining company and the client had to act quickly, within a two week window, to complete the transaction.

Business Capital was contacted by the company’s incumbent lender to assist their client and deliver funding within the two week window. BizCap was quickly able to structure and secure the $3 million senior secured term loan in this very tight time frame, which provided the company with the necessary capital to take advantage of the investment opportunity.

For over a decade, Business Capital (BizCap) has been structuring and delivering customized solutions to hyper-growth and distressed small and middle market companies nationwide. Committed to customer focus, BizCap implements resourceful working capital and restructuring solutions for companies in need of immediate liquidity, especially when conventional capital sources are not an option.