Rise Line Business Credit LLC has provided a $7.85 million credit facility to Great Western Products, a portfolio company of Yankee Hill Capital Management. Based in Hollywood, Alabama, Great Western Products is a provider of branded and private label food and concession products to retailers and entertainment venues nationwide.
Rise Line Business Credit, LLC (“Rise Line”) announced the closing of a $7.85 million asset based revolving credit facility to Great Western Co., LLC (“Great Western Products”) to refinance existing indebtedness and provide growth capital.
Great Western Products, established in 1962, is a specialty manufacturer and distributor of branded and private label food and concession products to retailers and entertainment venues nationwide.
“We are pleased to have the opportunity to partner with Yankee Hill Capital Management and to be involved with such an iconic brand in the concessions industry as Great Western Products,” said Gaurang Vyas, Founder and Managing Principal at Rise Line. “We worked seamlessly with the entire management team at Great Western throughout the process and look forward to continuing to work together to support its goals and objectives for future profitability and growth.”
Larry Weinbach, Managing Director of Yankee Hill Capital Management and Chairman of Great Western Products, said “Working together with Rise Line’s experienced group enabled us to maximize our assets, providing strong borrowing capacity that will allow us to focus on managing and growing our business.”
About Rise Line
Rise Line offers $2 million to $25 million in revolving credit lines, term loans, and special situation financing for Retail and Consumer Products, Commercial & Industrial, and Healthcare businesses across North America. The management team have extensive experience in asset based lending and institutional investing.
Rise Line was founded in 2017 and is an affiliated company of LANDC Investment. For more information, visit www.riselinebc.com.