Management was caught in the cross-fire of losing a major account in a depressed economy and being unable to delay strategic investments in new production capacity.
Category: Client Story
$1,000,000 Syndicated Term Loan for Management-Led Acquisition
Problem: The CEO of a local manufacturer owned 10% of the business and had the opportunity to buy out a passive stockholder’s 90% share. Limited collateral availability prevented the company’s bank from fully funding the purchase price – leaving a $1,000,000 shortfall. Response: The Business Development Company had established an...
$400,000 to Finance Owner Occupied Leasehold Improvements
Securing Additional Financing for Strategic Business Relocation and Growth Problem: In an effort to streamline operations and improve productivity, management decided to relocate to a larger building. The building appraisal was lower than what the bank and borrower anticipated, and the bank was unable to support all of the purchase...