Pinnacle Capital Finance Provides a $7.5 Million Line of Credit to a California Winery

Pinnacle Capital Finance is proud to announce the issuance of a $7.5MM asset-based line of credit to a Central California-based winery.  The company offers a wide spectrum of different reds, whites and rose wines. This award-winning winery has many gold medal wines and boasts several 95-point wines as judged by the Wine Enthusiast. Their popular old Zinfandel wine along with their other varietals can be found in grocery stores across the United States as well as in 15 countries.

The Pinnacle Capital Finance loan is structured as a $7,500,000 accounts receivable and inventory line of credit that makes eligible both case wines as well as bulk wine for borrowing purposes. They possess several vineyards, some of which the family planted in the 1890’s, enabling them to keep their finest grapes for bottling while selling any excess harvested grapes to others. This production advantage generates quick revenue and provides for higher quality wines as well as allowing them to balance the inventory required to support their future case sales, while leveraging those assets via this new line of credit.

Jeff Johnson, PCF EVP established a strong rapport with their CFO and after learning more about the company he quickly became a proponent of the business. He commented: “Their strong financial systems coupled with their successful implementation of a cost reduction plan that focuses upon improved profitability was compelling.” Meanwhile, Kevin O’Hare, President of the Pinnacle Capital Finance remarked: “We are excited to partner with this fifth and sixth generation grape growing family that enjoys a wine club membership of several thousand, which speaks volumes to the quality of their products.” 

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 $500,000.00 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.