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BizCap Delivers Financing for Pacific Recycling

January 27, 2022, 07:45 AM
Filed Under: Recycling

BizCap 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.

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