SAN FRANCISCO–(BUSINESS WIRE)–BizCap^®, a nationwide industrial finance and advisory agency, as we speak introduced it has efficiently secured a $20 million credit score facility for its consumer, 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 satisfy the elevated demand for its helicopters, restore companies and spare components.

“We’re thrilled with the work BizCap carried out to safe this new debt facility for our rising firm,” stated David Horton, president & CEO of Schweizer. “The crew at BizCap leveraged their market data and experience to ship an answer that may allow us to execute on the following part 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 relationship again to 1956 and the primary Hughes 269, the helicopter mannequin that will later develop into a Schweizer. For the reason that first mannequin’s inception, roughly 4,000 helicopters have been bought, 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 crew at Schweizer was a pleasure to work with,” stated 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 may safe a financing answer to help their progress,” he added.

About BizCap

BizCap® is a crew of finance, credit score and banking professionals emboldened by the assumption that when companies are on the middle of its rigorous course of, they get the perfect capital value and construction. Since 2002, BizCap has mapped the universe of debt capital suppliers and constructed trusted connections with their key stakeholders alongside the best way. BizCap’s understanding of every lender’s distinctive method to danger and credit score decisioning, together with its confirmed status, leads to a quicker, extra sure path to deal completion for its shoppers. BizCap is a proud supporter of Staff IMPACT, a nationwide nonprofit that connects youngsters going through severe and power sicknesses with native school athletic groups, forming life-long bonds and life-changing outcomes.

About Schweizer

Schweizer manufactures and helps its celebrated line of sunshine helicopters – the S300C, S300CBi, and S333 – at its ISO 9001/AS9100-certified manufacturing facility in Ft. Value, Texas. The corporate performs MRO actions, and offers overhauls, components, and aftermarket help for all Schweizer fashions.