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J T Wojtowicz : Posted on Monday, November 21, 2011 12:05 PM
BizLoanFunding is pleased to announce that we recently closed a $2,775,000 SBA 7(a) loan to a precision machine shop located in northeast Ohio.
The financing package benefits the small business by reducing monthly debt service by 52% and provides permanent working capital to create additional employment opportunities.
In addition to the SBA 7(a) loan, BizLoanFunding also arranged a conventional $750,000 working capital line-of-credit to help the company cash flow their new customer growth. |
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Joe Wojtowicz : Posted on Friday, November 04, 2011 5:19 PM
Working as a team, BizLoanFunding and our community bank partner are proud to announce approval of a $2,775,000 SBA 7(a) loan to a precision machine shop in northeast Ohio.
The financing package benefits the small business by reducing monthly debt service 52% and providing permanent working capital to create additional skilled jobs. A $750,000 line-of-credit was arranged to help the company cash flow the new customer growth.
The bottom line??? The restructured financing helped the company save 30 jobs, finance its future growth and positions them to create 20 new skilled jobs in the near term.
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Posted on Tuesday, May 31, 2011 1:13 PM
THE COMPANY:
A rural
telecom company obtained an underfunded SBA loan from its local bank
several years ago, resulting in the need to seek additional outside financing
in the amount of $500,000. An angel investor provided the funding in
exchange for preferred stock to be re-purchased in 3 years or converted to a
24% interest loan.
THE CHALLENGE:
As a
result of expansion and growth the rural telecom company was unable to
re-purchase the preferred stock at the end of 3 years, and the local bank did
not want to extend an additional loan to refinance the $500,000 as few lenders
have experience with this industry to determine asset values. |
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Posted on Friday, May 13, 2011 1:22 PM
BizLoanFunding.com is pleased to announce that we have obtained credit approval for another client for an SBA 7(a) loan in the amount of $1,704,000 to refinance outstanding debt and business expansion for a rural telecom company in Michigan.
We have been able to obtain funding for 10 of our last 11 clients each of whom were initially declined by their own bank . . . most of them by multiple banks.
If your business is having difficulties in obtaining funding from your bank, or you are a lender with a client who needs a loan, but your bank will not approve it at this time, we may be able to help. |
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Joe Wojtowicz : Posted on Saturday, March 12, 2011 8:46 PM
The U.S. Small Business Administration (SBA) recently approved self-storage businesses for SBA guaranteed financing. Until recently, these types of businesses were only eligible if revenues from other services exceeded rental revenues. Now, that restriction does not apply.
Under the new rules, the SBA will allow lenders to make loans up to $5,000,000. Advantages to the borrower are: lower downpayments, longer terms up to 25 years, and higher loan-to-values.
BizLoanFunding. |
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Joe Wojtowicz : Posted on Saturday, March 12, 2011 8:39 PM
With our 2 recent approvals, BizLoanFunding.com's APPROVAL RATIO is now up to 90%! In addition, we had a recent loan APPROVED in a RECORD 9 days! |
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Joe Wojtowicz : Posted on Saturday, March 12, 2011 8:36 PM
BizLoanFunding.com was able to get another client APPROVED for a $325,000 SBA 7(a) loan for an onsite caterer to refinance existing debt plus working capital. The client was declined by his own bank and we were able to get this loan approved in a RECORD 9 DAYS!!!! |
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Posted on Saturday, March 12, 2011 8:30 PM
BizLoanFunding.com has got another client APPROVED for a $325,00 SBA 7(a) Loan for the re-structuring of existing debt plus working capital. The client was also originally rejected by his own bank. The loan was approved in 9 days!!! |
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Posted on Wednesday, January 26, 2011 6:12 AM
Industry Professional Dave Nighswander joined
the BizLoanFunding team as a Senior Consultant. Dave has over 30
years' experience in the lending industry. He will assist banks, credit
unions and businesses with SBA and USDA guaranteed business loan
consulting, packaging and placement services along with expertise in
working capital funding and invoice placement.
Contact Dave at 419.732.3174, or dave.nighswander@BizLoanFunding.com
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Posted on Saturday, December 11, 2010 4:07 PM
During these very difficult economic times and turmoil in the lending industry, especially for small businesses, we are proud to announce that this year we have enjoyed an80% APPROVALRATIOwith clients we have submitted to various lenders.
Every one of our clients were turned down by their own banks for their loans and, in many cases, by multiple lenders before coming to BizLoanFunding.com.
If you are having problems with your bank, we may be able to help. |
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