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True Grade, Amerant Bank Close New $15MM Credit Facility

September 30, 2019, 09:00 AM

A Miami-based popular provider of protein, produce and beverages to the cruise, grocery and export markets, 7 year old True Grade, going through another year of explosive growth, doubled the size of their existing credit facility with the largest community bank based in Florida, Amerant Bank. Formerly known as Mercantil Bank, Amerant has maintained a close working relationship with True Grade since its founding in 2012 and a credit facility since 2017.

“We relish the opportunity to bring our partners with us as we execute our 5 year plan to grow into a mainstay within the state of Florida, and our respective industries. We expect

True Grade to exceed $1B of sales over the next 4-5 years, and having a close, strong relationship with a bank headquartered near
us is imperative” stated Tony Malave, the CEO and co-founder of this large purveyor of food and beverages.

“Just as important as having face to face contact with our vendors and customers, a constant face to face with the impressive executives of Amerant bank has become critical to our growth and success. Amerant has shown the cooperation and understanding that is vital to our current and charted growth.”

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