Rising Bird, Inc. Secures $8.2 Million Credit Facility for Don Rose Oil Co., Inc.
Visalia, California (PRWEB) May 05, 2017 -- Rising Bird, Inc. announced today that it has secured $8.2 million credit facility for Don Rose Oil Co., Inc. (DRO). The funds will be used to refinance existing debt with better terms, help with the expansion of DRO and support general business operations. Rising Bird worked closely with a specialized business lender to arrange a very flexible, and timely, credit facility.
"The senior credit facility and working capital will increase our capabilities to provide our customers with quality products and services at a competitive rate and will take our company to the next level in our business expansion, and position our company to acquire similar petroleum products suppliers," said Mr. John Castellucci, CEO of Don Rose Oil. “The credit facility provides greater flexibility and reduces our cost. Rising Bird took a creative approach to find us what we need for our growth. I highly recommend Ali Neesaneh to any company trying to get financing in today’s challenging economy.”
Ali Neesaneh, Founder and President of Rising Bird, Inc., also commented on the new credit facility. “It was a pleasure to work with Mr. John Castellucci and DRO’s management team during this process. I am thankful to have been given the opportunity to help DRO in their competitive market and better position them for expansion.”
About Don Rose Oil Co., Inc.
Since 45 years, DRO has been providing home and business owners with dependable service that is unparalleled in our industry. DRO services over five thousand clients in Visalia area. We sell and deliver refined petroleum products including Gas, Diesel and Propane. DRO clients enjoy very competitive prices and unmatched professional and efficient service.
About Rising Bird
Rising Bird, Inc. is a licensed California lender, broker and financial consulting firm established to help new and existing businesses in the small to mid-tier market find funds for expansion, acquisition, and operations. From services industries to high-tech and real estate, we take a creative approach to find strategies, partners and funding to fit the specific financial needs of each of our clients. RBI can be contacted at http://www.risingbirdinc.com
Media Contacts:
Ali Neesaneh, President
eMail: ali(at)risingbirdinc(dot)com
Ali Neesaneh, Rising Bird Inc, +1 (925) 432-3121, [email protected]
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