BizCap® Delivers Financing For Pacific Recycling
SAN FRANCISCO–(BUSINESS WIRE)–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.
Contacts
Media Contact: Ryan Barringer, rbarringer@bizcap.com
Business Inquiries: Chuck Doyle, cdoyle@bizcap.com