Pinnacle Capital Finance Provides $4.5 Million to a California Wine and Spirits Company

Pinnacle Capital Finance is proud to announce the issuance of a $4.5MM combination asset-based line of credit, PO financing and term loans to a California-based winery.  The company offers a wide variety of premium wines as well as spirits with products in each category awarded 95 points by The Tastingpanel Magazine. 

The Pinnacle Capital Finance loan is structured as a $3,900,000 accounts receivable and inventory line of credit, which makes eligible both finished goods as well as bulk wine and spirits for borrowing purposes. The remaining credit facilities also include a strap-on PO revolver and term loan. It is especially appealing to be able to leverage the bulk wine and spirits while it ages and transforms into valuable inventory required to support future case sales.

Kevin O’Hare, president of the Pinnacle Capital Finance remarked: “We are pleased to partner with these first-generation winemakers whose innovation, vision and energy is as impressive as their delicious products. We also relish the opportunity to support their bold expansion into the Brown Spirits arena and look forward to watching them build their brand.”

Pinnacle Capital Finance is a division of Pinnacle Bank, a full-service community business bank dedicated to providing quality depository and credit services. Pinnacle Capital Finance offers an array of Asset Based Lending services to growth companies. Our loans range in size from $1,000,000.00 to $10+ Million. We offer a full range of financial products including accounts receivable and inventory financing, factoring, purchase order as well as term loans.  For more information, visit www.pinnacle.bank.