Santander Bank said Friday its asset-based lending team closed a $30 million senior-secured revolving line of credit with Florida-based Bonamar Corporation, a crabmeat and seafood product importer, processor and distributor.
“As we continue to grow, we need a financial partner to support that growth and development and we believe Santander is just that partner," said Bonamar President and CEO Argenis Contreras.
Just this week, Bonamar said it partnered with food safety facility Gateway America to launch the first nationally marketed line of ES (Extended Safety) crab meat products using a new method to eradicate pathogens.
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