HVAC INSTALLATION AND SERVICE PROVIDOR:  $300,000 FACILITY FOR MANAGEMENT BUY-OUT

The manager of a HVAC installation and service company approached us with a plan to buy the company from the existing owner.  We were able to structure a $300,000 three year term loan that provided 100% of the purchase price while allowing the manager to obtain a 100% ownership interest.  The manager operated the business so successfully that he was able to repay the loan in one year. 


WHOLESALE FOOD DISTRIBUTOR:  $400,000 SEASONAL WORKING CAPITAL FACILITY

We have a client that distributes hors d'oeuvres to retail stores.  The business is highly seasonal, with 70% of the sales occurring during the holiday season.  Every year we provide this client with a 90 day term loan which allows the company to purchase ingredients, manufacture, and distribute the product.  This company has been a client for each of the last three years.  As business has increased, the amount of our loan has increased each year.



WEB BASED ADVERTISING PORTAL:  $650,000 JUNIOR SECURED TERM LOAN

Our client operates a web portal and derives its income through on line advertising.  The company has a $3 million senior secured facility in place with another lender.  We initially funded a $400,000 three year term loan for this company.  AS the company has grown, we have increased our facility to $650,000, based on the client's cash flow as well as excess collateral outside of the senior lender's borrowing base.