How can term debt help small natural products brands?How can term debt help small natural products brands?
August 8, 2014
If you've outgrown your manufacturing facility or need cash for extra equipment as your business scales, term debt may be the answer.
Gary Groff, VP of Commercial Banking at New Resource Bank, points to Bay Area client Cowgirl Creamery as an example: "They were so busy they needed to open a new facility... We were able to provide them some term debt that allowed them to take on a new facility and put the equipment in place so they could really scale their cheese manufacturing."
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