Vestro Foods Gets $1-Million Credit Expansion
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Vestro Foods Inc. said it has reached a new credit agreement with Congress Financial Corp. that increases its maximum borrowing capacity from $3 million to $4 million.
Newport Beach-based Vestro said the expanded credit line “will allow us to fund working capital requirements which will arise from anticipated sales growth of our operating subsidiaries.”
Stephen Schorr, Vestro’s vice president of finance, said that the company’s natural food products are selling well and that it is borrowing to expand those product lines.
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