BizCap, a nationwide business finance and advisory agency, introduced it has efficiently secured a $20 million credit score facility for its shopper, Schweizer RSG, a number one producer of helicopters and aviation business components provider. The brand new ABL credit score facility will likely be used to finance manufacturing, enabling Schweizer to fulfill the elevated demand for its helicopters, restore providers and spare components.

“We’re thrilled with the work BizCap carried out to safe this new debt facility for our rising firm,” mentioned David Horton, president & CEO of Schweizer. “The staff at BizCap leveraged their market data and experience to ship an answer that can allow us to execute on the subsequent section of our progress technique,” added Horton.

Based mostly in Fort Value, Schweizer was based in 2017 to proceed manufacturing the Schweizer model of helicopters and its spare components. The Schweizer model has a wealthy historical past of product success and buyer loyalty courting again to 1956 and the primary Hughes 269, the helicopter mannequin that will later turn into a Schweizer. Because the first mannequin’s inception, roughly 4,000 helicopters have been offered, with a robust international demand for continued upkeep and spare components, each of that are supplied by Schweizer along with new plane gross sales and overhauls.

“The administration staff at Schweizer was a pleasure to work with,” mentioned Chuck Doyle, president and CEO of BizCap. “As soon as we developed a deep understanding of their enterprise and their strategic benefits within the aviation business, we knew we might safe a financing resolution to assist their progress,” he added.

This press launch was ready and distributed by BizCap.