FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Gordon Brothers Provides $12MM Term Loan to Plainville Farms to Support Operations & Continued Growth

August 17, 2022, 07:47 AM
Related: Gordon Brothers

Gordon Brothers provided Plainville Farms a $12 million term loan to support the organic and antibiotic-free turkey processor and distributor’s operations.
Plainville Farms will use the committed facility for working capital purposes and to support increased demand from customers.
“Thanks to proactive leadership in response to inflationary risks and increased demand, Plainville Farms has demonstrated tremendous resiliency in continuing to serve its customers,” said Kyle C. Shonak, Head of Lending, North America, at Gordon Brothers. “We were happy to provide responsive capital to support future operations and continued growth.”
“With Gordon Brothers’ support, Plainville Farms can ramp up operations with confidence as we enter the busiest time of year,” said Deepak Ramanathan, who oversees the financing activity at Plainville Farms. “This funding is critical to our short- and long-term growth strategy.”

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.