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MB Business Capital Provides $21MM Facility to Nutiva

May 01, 2015, 08:03 AM

MB Business Capital recently provided a new $21 million senior credit facility to Richmond, CA-based Nutiva. Nutiva is the world’s leading brand of all-organic coconut oil, chia seeds, hemp foods, and red palm oil. The company has become the fastest-growing superfoods company on the planet, with a 61% annual growth rate since 2004, and has for six years in a row been named one of Inc. magazine’s fastest-growing companies in America. The new MB credit facility was provided to refinance debt and to fund working capital needs of the company going forward.

John Roulac, Founder & CEO commented, “As one of the fastest growing food brands in the world today, we wanted a financial institution that is flexible and can partner with us as we revolutionize the way the world eats. MB has been great to work with.”

Mike Sharkey commented, “We are extremely pleased to be able to work with Nutiva. They are a forward thinking, health conscious, innovative, growing company. MB is looking forward to working with John Roulac and the Nutiva team. We anticipate a healthy and sustainable relationship.”

MB Business Capital is the asset-based lending division of MB Financial Bank, a commercial bank headquartered in Chicago, Illinois.  MB Business Capital seeks asset-based lending opportunities in the $5 million to $50 million range and is offering dedicated syndication opportunities of up to $100 million. The firm can also provide access to the full range of business banking products and services offered by MB Financial Bank.

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