Citizens Bank has committed to helping Barney’s Convenience Mart meet ambitious financial goals.
Barney’s Convenience Mart Inc., a convenience store and retail fuel operator of 18-sites in Northwest Ohio, has received a $21.3 million credit facility from Citizens Bank.
The funds include a $17.8 million term loan for the acquisition of real estate, a $500,000 working capital line of credit and a $3 million development line for future remodeling/acquisitions.
“Citizens has great experience in this business and a very client-focused approach,” said Jim Sutphin, operations manager for Barney’s Convenience Mart Inc. “The Citizens team brings good solutions and serves as an excellent partner.”
“The team at Barney’s Convenience Mart runs a solid business and we are happy to help them meet their strategic and financial goals,” said Michael Phelps, managing director and group head of Convenience and Retail Fuel Finance at Citizens.