We're pleased to share these commercial lending transactions that delivered the solutions and capital our customers need to be successful. Please contact your local relationship team to learn how we can Create Possibility for your business.
Asset Based Lending Lead:
Managing Director, Asset Based Lending
Direct: 913.289.6014 |Douglas.Vitek@SunflowerBank.com
In September 2020, Sunflower Bank’s Asset Based Lending team closed a $12,000,000 working capital line of credit with a new borrower, Pacific Topsoils, Inc.
Pacific Topsoils is a green waste recycler located in Seattle, WA that distributes recycled green waste including mulch, wood chips, bark and other organic products in bulk throughout Seattle.
GEF Capital Partners, a private equity fund manager, acquired Pacific Topsoils as part of a portfolio of companies, including Gro-Well Brands, that promote resource efficiency and building a more sustainable future. Gro-Well Brands is also a green waste recycler located in Phoenix, AZ that distributes bagged and bulk products including bark, mulch and organic fertilizer in Arizona, New Mexico, Colorado, Idaho and California. When combined with Pacific, Gro-Well is expected to provide distribution of its products to the entire Western United States.
Wichita Relationship Lead:
Senior Vice President, Commercial Banking
Direct: 316.652.1287 | Paul.Caffrey@sunflowerbank.com
In August 2020, Sunflower Bank provided $14,842,000 in credit facility commitments to Wichita Urology Group P.A. (“WUG”), WUG Building, LLC and WUG SC, LLC.
Wichita Urology Group is its region’s premier urology center. With more than 50 years of experience, WUG is a health center that provides a range of medical care services for men, women, and children. The group consists of 9 board certified/eligible physicians who are all members of the American Urological Association, Large Urology Group Practice Association, and numerous state and local medical organizations.
Sunflower Bank’s Wichita Commercial Lending team began discussions with WUG regarding fixed rate real estate financing to complete construction of WUG’s Ambulatory Surgery Center. By reviewing their complete financial needs, Sunflower Bank was able to structure a comprehensive banking relationship that includes real estate, medical equipment and working capital financing along with treasury management services, wealth management*, and private banking for WUG’s partner physicians.
Arizona Region Relationship Lead:
Scott V. Sipe
Senior Vice President I Scottsdale Commercial Banking Team Lead
Direct: 480.676.6642 | Scott.Sipe@sunflowerbank.com
In August 2020, Sunflower Bank provided credit commitments and treasury solutions to TYR Tactical LLC (“the Company”) and its real estate holding company, AGL Properties LLC.
TYR Tactical is a specialty product company that develops and manufactures comprehensive best-in-class body armor and load carriage solutions to special operations forces, US military, various US government agencies, state and local law enforcement, foreign military and government organizations and commercial interests. Headquartered in Peoria, AZ, TYR Tactical is also an industry leader in Canada and provides 100% US and Canadian-made products.
The Company’s management initially approached Sunflower Bank’s Scottsdale Commercial Lending team seeking fixed-rate equipment financing. Since the equipment purchase was only one part of a long-term strategic growth plan, Sunflower Bank requested the opportunity to review the full scope of TYR Tactical’s financing needs. By doing so, Sunflower Bank learned the Company’s current bank did not provide financing with the requested terms and timeline. After a thorough analysis, Sunflower Bank was able to structure a complete financing solution that meets the Company’s desired timeline and consolidates the entire project, including real estate and construction financing, within the bank without requiring external participation.
Arizona Region Relationship Lead:
Vice President I Commercial Relationship Manager
Direct: 480.676.6651 | Scott.Yubeta@sunflowerbank.com
In August 2020, Sunflower Bank provided a $25,000,000 revolving guidance line of credit to Crossroads Equipment Lease and Finance, LLC (“Crossroads”).
Crossroads is a transportation equipment finance company founded in 2006. The company offers a suite of value-added services and structures tailored specifically for transportation companies of all sizes. It also offers financing for other non-transportation industries using heavy-duty construction and commercial grade vehicles.
Sunflower Bank was approached to provide capital to fuel growth at Crossroads. The Scottsdale-based commercial lending team used its industry experience and creativity, to structure a unique credit facility that will provide capital to help the company grow.
*Investment and insurance products are not FDIC-insured, are not a deposit or other obligation of, or guaranteed by the bank or an affiliate of the bank, are not insured by any federal government agency and are subject to investment risks, including possible loss of the principal amount invested.