X-Caliber Rural Capital Provides $25 Million in USDA Financing for Plantible Foods' Eldorado, Texas Expansion
X-Caliber Rural Capital ("XRC"), a licensed USDA OneRD lender and affiliate of X-Caliber Capital Holdings LLC ("X-Caliber"), today announced the closing of a $25 million USDA OneRD Business & Industry Guaranteed Loan, the maximum available amount under the program, to support the expansion of Plantible Foods' commercial production facility in Eldorado, Texas.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260804227492/en/ Water lentils grow inside one of Plantible Foods’ enclosed greenhouses where the company produces Rubi Protein™ using a controlled aquatic growing system designed to support consistent, year-round harvests.
Plantible Foods is a biology company producing functional ingredients derived from Lemna (water lentils). The financing will support the company's expansion of up to 50 new commercial greenhouses at its Ranchito facility, increasing annual production capacity for breakthrough plant protein to more than 1,000 metric tons.
"Plantible represents exactly the type of company the USDA Business & Industry Guaranteed Loan Program was designed to support — an innovative business with proven technology, strong leadership, and a meaningful commitment to rural communities," said Anna West, President of X-Caliber Rural Capital. "Providing the maximum financing available under the program demonstrates how USDA lending can help businesses secure the capital they need to scale operations, create jobs, and generate long-term economic opportunity in rural America."
