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

Pinnacle Capital Finance announced the issuance of a $4.5 million combination asset-based line of credit, PO financing and term loans to a California based winery. The loan is structured as a $3,900,000 accounts receivable and inventory line of credit.

The Pinnacle Capital Finance loan is structured as a $3.9 million 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.

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