Case Studies

1. California Grower

  • Client: A long-time family-owned grower in California. They own a processing facility plus a sales and marketing company and a website offering product directly to consumers.
  • Revenue: $30 million.
  • Size: 800 acres.
  • Problem: After a 20-year relationship with the grower the bank decided to stop lending to agricultural clients. The grower approached us to replace the bank financing.
  • Solution: AgriCap provided:
    • $2,500,000 seasonal financing for harvest expenses
    • $1,500,000 pre-season financing for pre-harvest crop expenses
    • A $4,000,000 real estate and equipment term loan on the processing facility

2. Florida Produce Packer/Processor

  • Client: A packer/processor in Florida with two years of experience selling to food-service clients.
  • Revenue: $7 million.
  • Problem: The company’s revolving line of credit was insufficient to finance its operations, inhibiting its ability to grow.
  • Solution: AgriCap provided the company:
    • $800,000 in financing, allowing it to pay its PACA obligations while providing additional capital for operations
    • Credit protection of factored receivables
    • Flexibility to increase the amount of financing as the business grows

3. Nogales Shipper

  • Client: A grower/shipper in Nogales.
  • Revenue: $15 million.
  • Problem: The company needed working capital to fund its rapid growth. Due to a previous bankruptcy and a leveraged balance sheet, financing from traditional sources was not available.
  • Solution: With its flexible underwriting standards, AgriCap provided:
    • $1,500,000 in working capital
    • A $750,000 real-estate-backed loan to finance equipment
    • A large growing/shipping arrangement with another AgriCap client, helping both enjoy improved sales and profits

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