BizCap® Fuels Quady Winery's Growth with $17MM Financing Package
BizCap®, a commercial finance firm established in 2002, is proud to announce its successful collaboration with Quady Winery, a family-owned operation in Central Valley, CA, renowned for affordable Muscat grape-based fortified and sweet wines that are sold throughout the U.S. Among 4,700 wineries in California, Quady is the only one specializing in sweet and aperitif wines and has garnered international renown, boasting over 1,000 awards and medals. BizCap helped the company secure a $11MM term loan and a $6MM line of credit to recapitalize and refuel future strategic growth initiatives.
"Having experienced rapid growth in prior years, financing challenges in 2023 forced our winery to look for new financing. BizCap responded by connecting us with several new bank financing options, which we could not have found on our own," said the Co-Owner and Chief Financial Officer, Laurel Quady. "BizCap has an outstanding team, patient and knowledgeable and a pleasure to work with. Working with the key executives of our new bank for the past several months, we feel this choice could not have been better for us."
Chuck Doyle, President and CEO of BizCap, expressed genuine appreciation for Quady Winery, highlighting their outstanding alliance throughout the financing process. "Working with Laurel and Andy Quady as well as the whole Quady team was like working with a winning NASCAR racing team! 110 % Impressive from start to finish, very reliable, dependable, and passionate about their business. Banks quickly learned the Quady's are outstanding citizens and why Quady Winery and their team would be excellent custodians of the bank's capital. I can't emphasize enough what a pleasure it was to assist in securing the best cost of capital and structure for Quady Winery."
BizCap recently announced several additional successful financings for clients, including $10MM for a beauty industry leader and $8MM for Aechelon Technology, a cutting edge tech equipment and solutions company.
About BizCap
BizCap® (Business Capital since 2002) 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.
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