Plumbing contractor, Massachusetts
Acquisition opportunity circles the drain
This plumber’s hopes of acquiring a competitor had come to a screeching halt with their traditional bank. Here’s how we fixed the issue…
This client was presented with an opportunity to acquire a competitor. Although the business was profitable, for a variety of reasons they were unable to secure loan funding through their bank and other financial institutions. What proved to be an an issue for other lenders, was not for SBA Loan Program.
We performed a financial analysis of our client’s business and the business they wished to purchase. SBA Loan Program closed a loan that other lenders refused and acquired quick funding (in less than 18 days!) with both companies as co-borrowers.