Enterprise Bank & Trust
65 Case Studies
A Enterprise Bank & Trust Case Study
Best Harvest, a minority-owned commercial bakery, faced challenges maintaining competitive manufacturing operations and attracting skilled talent due to its reliance on high-volume, aging machinery. Enterprise Bank & Trust provided a financial solution that included restructuring the company's assets and utilizing the New Market Tax Credit financing program.
Enterprise Bank & Trust offered patient capital with amortizations matching the life of the assets, resulting in very competitive interest rates. This improved Best Harvest's overall cash position and cash flow, allowing for the acquisition of new equipment. The solution enabled a complete operational restructuring, leading to increased efficiencies, greater run speeds, and a more skilled workforce.