AgAmerica’s Pivot Program Helps Washington Winery Access Working Capital to Fund Operational Activities.
Winery owners in the tri-cities area of Washington were looking at alternative financing options for their 109+ acre operation that provided flexibility and optimized profitability within their operation. With the help of their financial advisor, they found AgAmerica to assist in their financing needs.
The highly-respected winery owners in the Washington community were looking for a way to refinance their existing and operational debt into an interest-only term loan. Despite their growth in wine-club subscriptions and international consumption of products, a major online retailer had recently removed their wine, making it difficult for them to obtain a loan to suit the needs of their operation.
An AgAmerica Relationship Manager worked with the winery on site to fully understand the potential of their operation and to customize a loan package for their long-term needs. Through AgAmerica’s unique Pivot Program, they were able to obtain a $7.6MM loan that included a $2.0MM revolving line of credit for daily operations, giving them financial stability and security against any unforeseen circumstances that could affect them in the future.
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