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Business Capital Secures Expansion Capital for Sierra Foothills Wine Producer

February 10, 2017, 07:08 AM
Filed Under: Beverage

Business Capital has delivered $3MM growth financing for GoldLine Brands, Inc., a group that operates vineyards and wineries.

The Company owns a collection of wine brands, which can be found in retail and wholesale markets in the United States, as well as overseas in Europe. Ten of these were recently entered in the world’s largest wine competition and, out of a field of nearly 7,000 wines, each GoldLine wine entered medaled, including a Gold, Double-Gold, and Best-In-Class.

The Company produces all of its brands from its winery, Myka Cellars, in Diamond Springs. Two of the Myka Cellars varietals were rated 93 and 91 points by The Wine Enthusiast in their November 2016 issue; its Coast brand was given a “Best Buy.”

GoldLine Brands recently purchased 50 acres in the Pleasant Valley wine region of El Dorado for its new Rhone Wolf Vineyards and is further expanding its operations through additional tasting rooms, as well as increasing production, distribution and exports. It is on track to become a major wine producer in El Dorado County – an up and coming wine region that will give established valley regions a challenge as an increasing number of visitors discover the unique mountain vineyards and microclimates of the Sierra foothills, the diversity and quality of wines, and more reasonable pricing.
"We were thrilled to successfully deliver the growth financing this company needed to achieve their short and long term goals.Our firm has extensive experience working with clients in the wine industry, but each is unique in their business model, product line and challenges. It is always gratifying to expand our own horizons, as well as the clients we serve.”

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