Pinnacle Capital Finance is proud to announce the issuance of a $5MM combination asset-based AR & Inventory line of credit along with a variety of term loans. The revolver is being used to fund operations, while the term loans that total half the amount of the entire credit facility were used as acquisition funding to complete the sale of this nearly 100-year-old Die Casting company.  

The Pinnacle Capital Finance term loans were underwritten as separate and distinct facilities, with one based upon the underlying equipment value of the target company and another on the historical cash flow of the business. While a third $800,000 CapEx line of credit was provided to purchase new machinery in an effort modernize their plant and operations.  

Kevin O’Hare, President of the Pinnacle Capital Finance remarked: “We were impressed with the new ownership team and their vision for the growth of this old-line foundry. It was especially gratifying to support the successfully transition of this venerable company, located in the heart of America, while preserving their employment roll and their overall positive impact on the local economy. All of which were important conditions to the seller.”

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.