TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
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January 26, 2022
Source: BizCap®
San Francisco, January 27, 2022 – BizCap®, a national commercial finance and advisory firm, today announced it has successfully delivered a customized financing solution for its client, Pacific Recycling, Inc. This financing will be used to pay-off existing debt, with the remaining proceeds available as working capital to finance infrastructure expansion projects.
“In a time when urgency and responsiveness are critically important, we were getting nowhere at a major national bank. BizCap seamlessly facilitated and secured financing in just a couple of weeks. We were thoroughly impressed with BizCap’s high level of efficiency and professionalism; we offer our sincere thanks to everyone on the BizCap team as we could not have done it alone,” said Rod Schultz, founder of Pacific Recycling. “With this new facility in place, we will be able to invest in a critical railroad spur project that will improve our overall operating efficiency and profitability. Not all superheroes wear capes,” he added.
Pacific Recycling is a family owned and operated scrap metal recycling company located in Eugene, Oregon. Founded in 1985, Pacific Recycling now employs over 50 full-time employees from the Eugene community.
“Once we evaluated the company’s situation, we knew right away we could secure a financing solution that would be a win-win for all parties involved,” said Chuck Doyle, president and CEO of BizCap. “Pacific Recycling is now in an optimal position to achieve their growth plans, and we at BizCap look forward to supporting their business with the best-fit financing solutions as they continue to grow,” added Doyle.
BizCap recently announced it facilitated a $60 million financing for AvAir, global leader in the aviation aftermarket.
About BizCap
BizCap® is a time-tested national commercial finance and advisory firm specializing in securing customized non-dilutive credit-based solutions for rapidly growing as well as challenged middle market companies nationwide who require unique, timely and tailored financing structures to address their particular needs, especially when conventional sources of capital are not an option. BizCap is a proud supporter of Team IMPACT, a national nonprofit that connects children facing serious and chronic Illnesses with local college athletic teams, forming life-long bonds and life-changing outcomes
About Pacific Recycling, Inc.
Pacific Recycling, Inc. (PRI) was founded in 1985 by Rod Schultz, who began PRI after growing up in the scrap industry. Prior to founding PRI’s current facility, he gained his expertise while working on individual sites (demolition, railroad, farms, etc.) purchasing, processing, and delivering scrap to steel mills. Pacific Recycling has a strong reputation in the community for its employees’ strong work ethic, friendly personalities, and honest business conduct.
Media Contact: Ryan Barringer, rbarringer@bizcap.com
Business Inquiries: Chuck Doyle, cdoyle@bizcap.com