First National Capital Corporation closed a $20 million equipment finance facility for a leading agribusiness company to support the expansion of its processing facility, aimed at significantly increasing production capacity.

Target Information

First National Capital Corporation (FNCC) has successfully closed a $20 million equipment finance facility for a prominent agribusiness company. This financing is aimed at supporting the company's expansion of its processing facility, which is essential for significantly increasing production capacity.

This funding is pivotal for the completion of the largest single-site processing plant in the United States, which is designed to nearly double the company's processing throughput. The transaction occurred before commencing commercial operations, as the company had already self-funded a substantial portion of the expansion while addressing market uncertainties due to global trade dynamics and evolving tax credit regulations.

Industry Overview

The agribusiness sector in the United States plays a critical role in the economy, contributing significantly to the nation’s GDP while providing a multitude of job opportunitie