Founded more than three decades ago, this Central Texas plant nursery supplies hundreds of plant varieties to local retailers. After a one-time event left the business short on working capital, Flatbay Capital structured a $1MM commercial real estate line of credit secured by the borrower’s 20-acre facility, providing dry powder for the borrower to execute weekly shipments planned as the company ramps up into growth mode again.
Taylor West, SVP Business Development Officer at Flatbay Capital, identified the opportunity to help this borrower and worked closely with them to structure a solution aligned with the company’s needs.