Harvest Foods: $2.3M Growth Financing Success
How strategic financial planning and expert guidance helped a growing organic food manufacturer secure the capital needed to triple their production capacity and enter new markets.
Executive Summary
Harvest Foods LLC, a rapidly growing organic food manufacturer, partnered with Schapira CPAs to secure $2.3 million in growth financing. This comprehensive financing solution enabled the company to increase production capacity by 150%, eliminate a 6-month order backlog, and create 25 new jobs while maintaining competitive interest rates and favorable terms.
Client Profile
Harvest Foods LLC
Organic Food Manufacturing
Company Details
Specializations
- Plant-based protein products
- Organic snack foods
- Sustainable packaging solutions
- Direct-to-consumer sales
Harvest Foods has built a strong reputation for high-quality organic products and environmentally conscious manufacturing practices. With increasing demand from major retailers and a growing direct-to-consumer business, the company needed significant capital to expand production capacity and meet market demand.
The Challenge
Critical Growth Constraints
Despite strong market demand and a proven business model, Harvest Foods faced several critical challenges that threatened their ability to capitalize on growth opportunities.
Production Capacity Crisis
Current facility limited to 50,000 units/month while demand reached 125,000 units with a 6-month backlog threatening customer relationships.
Equipment & Facility Needs
Required new production lines, specialized organic processing equipment, and expanded warehouse space to maintain quality standards.
Working Capital Shortage
Needed additional capital for bulk organic ingredient purchases, increased inventory levels, and expanded operational support.
Complex Financing Requirements
Traditional bank financing insufficient; needed sophisticated structure supporting both equipment purchases and working capital needs.
Our Comprehensive Solution
Strategic Financing Approach
Schapira CPAs developed a multi-faceted financing strategy that addressed immediate capital needs while positioning Harvest Foods for sustainable long-term growth.
Phase 1: Financial Analysis & Planning
Comprehensive Financial Review
- 3-year historical financial analysis
- Cash flow modeling and projections
- Market opportunity assessment
Strategic Planning
- Growth scenario development
- Risk assessment and mitigation
- Comprehensive business plan creation
Phase 2: Financing Structure Development
SBA 504 Loan
Equipment & facility expansion
Working Capital Line
Operational flexibility
Equipment Financing
Specialized processing equipment
Phase 3: Lender Relations & Execution
Lender Identification & Approach
- Targeted 8 specialized food manufacturing lenders
- Prepared customized presentation materials
- Coordinated simultaneous application process
Terms Negotiation & Closing
- Secured competitive 4.25% average rate
- Negotiated flexible repayment terms
- Managed all due diligence requirements
Outstanding Results
Transformational Growth Achieved
The comprehensive financing solution enabled Harvest Foods to execute their expansion plan successfully, achieving remarkable growth while maintaining operational excellence.
Additional Business Impact
Operational Improvements
- Eliminated 6-month order backlog within 4 months
- 40% reduction in per-unit production costs
- Improved quality control and consistency
Market Expansion
- Secured contracts with 3 major national retailers
- Launched 2 new product lines
- Expanded to 5 new geographic markets
"Schapira CPAs didn't just help us secure financing – they became true partners in our growth journey. Their deep understanding of manufacturing operations and creative approach to financing solutions made all the difference. Without their expertise, we would never have been able to structure a deal that met all our needs while maintaining favorable terms. The results speak for themselves – we've tripled our capacity and are now positioned for continued growth."
Key Takeaways
For Manufacturing Companies
- Strategic financing can unlock rapid growth opportunities
- Multi-vehicle financing structures provide flexibility
- Expert guidance is crucial for complex transactions
Success Factors
- Comprehensive financial planning and analysis
- Strong business fundamentals and growth trajectory
- Experienced advisory team with industry expertise
Project Summary
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