Webster Bank provides a $20,000,000 Asset Based Lending facility to Excelco Trading LP

Webster Bank recently provided a $20MM asset based senior secured credit facility to Excelco Trading, LP, a privately held green coffee importer. Proceeds will be used to finance working capital in support of the company’s continued growth.

“Excelco is thrilled to team up with Webster Bank to expand and help bring our business to the next level, especially with our strong foundation in the New York and U.S. coffee market that’s been thriving for over 35 years.” –Chris Baumann, CFO, Excelco

Excelco was founded in 1988 to market decaffeinated coffees processed by CR3 Kaffeeveredlung M Hermsen GmbH in Germany and sell directly to the roasting community wholesalers primarily in North America. Headquartered in New York, NY, the Company’s product offerings include a variety of decaffeinated, sustainable, and refined raw coffee beans.

“Excelco needed a financial partner to help them scale and to provide for all of their banking needs.  Webster Bank is pleased to partner with Excelco’s management team through this new financing which will support their future growth while providing for their day to day working capital needs.  We are excited that they chose Webster Bank to be that partner.” – Peter Donahue, Managing Direct, Webster Bank.