How This Food Manufacturer Increased Their Capacity With Working Capital From Biz2Credit

To capitalize on the momentum, Juan was looking to secure financing to expand the business’s processing operation. With the extra cash flow from a financing company, he planned to upgrade their existing plant as well as finance the opening of new processing plants to fulfill other customer segments, such as retail, restaurants, and export operations.

"Three new factories are on the way, and to keep the production going we need operational funding.”

Juan reached out to his trusted CPA advisor Grace M. Williams, his advisor who helped him secure a loan from the second round of the Paycheck Protection Program , for guidance on this significant financing need. Grace applied for a working capital loan on Juan’s behalf on her CPA Business Funding Portal , the online platform for CPA firms to apply for financing for their small business clients. Thanks to the fast process and seamless transfer of key documents and information, Juan’s business was funded within days.

“Five days after submitting my working capital application, I received the money. It was easy and quick. The funding enables us to begin operations in our new plant in South Carolina, and to process enough meat up to our standards to meet the two million pounds per week goal.” Juan said. Vital Foods prides itself on their strong food safety programs, which includes the HAACP plan and SSOP programs.

"When I first used Biz2Credit, I was quite impressed with how they handled the entire procedure” stated Juan. He was particularly pleased with his funding specialist who went above and beyond for him. Juan is understandably busy running his business, so he really needed someone to push him to take all the necessary steps to secure financing, which is what his funding specialist did.

“He frequently called me to walk me through the process to make sure all the important details were taken care of, even things that I did not expect, such as reminding me that someone was coming to visit my plant. That was helpful for me.”

Juan is able to maximize production and continue growing his business within and outside the U.S. thanks to Biz2Credit Working Capital financing When asked about the future of his three new plants, he responded “One will start processing within a matter of weeks. As for the two that are in Gainesville, one will start by the end of the year, and the other hopefully by the end of next year.”