True Grade, LLC & Amerant Bank Announce the Closing of a New $15MM Credit Facility

By: Sinteag Ventures, Inc. PR Group
 
MIAMI - Sept. 27, 2019 - PRLog -- A Miami-based popular provider of protein, produce and beverages to the cruise, grocery and export markets, 7 year old True Grade, going through another year of explosive growth, doubled the size of their existing credit facility with the largest community bank based in Florida, Amerant Bank. Formerly known as Mercantil Bank, Amerant has maintained a close working relationship with True Grade since its founding in 2012 and a credit facility since 2017.

"We relish the opportunity to bring our partners with us as we execute our 5 year plan to grow into a mainstay within the state of Florida, and our respective industries. We expect True Grade to exceed $1B of sales over the next 4-5 years, and having a close, strong relationship with a bank headquartered near us is imperative" stated Tony Malave, the CEO and co-founder of this large purveyor of food and beverages. "Just as important as having face to face contact with our vendors and customers, a constant face to face with the impressive executives of Amerant bank has become critical to our growth and success. Amerant has shown the cooperation and understanding that is vital to our current and charted growth"

About True Grade

True Grade, operating for almost a decade,  supplies fish, fresh and frozen, as well as all other proteins, dairy, and a wide variety of produce in addition to its beverage line to a variety of industries in North America and the Western Hemisphere. A regular sight on the Inc 5000 lists of companies over the years, True Grade has also achieved Free Trade status with its warehouses in South Florida, allowing its export and cruise divisions to achieve triple digit growth quarter over quarter. For more information, please visit www.truegrade.io

About Amerant Bancorp Inc.

Amerant Bancorp Inc. is a bank holding company headquartered in Coral Gables, Florida. The Company operates through its subsidiaries, Amerant Bank, N.A. (the "Bank"), Amerant Investments, Inc. and Amerant Trust, N.A. The Company provides individuals and businesses in the U.S., as well as select international clients, with deposit, credit and wealth management services. The Bank, which has operated for 40 years, is the largest community bank headquartered in Florida. The Bank operates 23 banking centers - 15 in South Florida and 8 in the Houston, Texas area - and loan production offices in Dallas, Texas and New York, New York.  Please visit www.amerantbank.com or https://investor.amerantbank.com for more information.

Contact
True Grade, LLC
Antonio Malave
***@truegrade.net
End
Email:***@truegrade.net
Tags:Wholesale
Industry:Tourism
Location:Miami - Florida - United States
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