Ares Commercial Finance announced that it has provided a $5 million senior secured revolving line of credit to Rancho Harvest, Inc. and Affiliates. Proceeds will refinance its existing credit facility and support the company’s ongoing working capital needs.
Headquartered in Santa Maria, California, Rancho Harvest, Inc. and Affiliates provides harvesting and contract labor services to the agricultural community in California and Arizona.
Ares Commercial Finance (“ACF”) is the asset-based lending group of Ares Management, L.P. providing asset-based revolving lines of credit and term loans, as well as stretch loans to middle market and lower-middle market companies.