Modular Building Contractor

Business Capital Structures & Secures $3MM Combination Term Loan & Revolving LOC for Modular Building Company

Our Client

The company, a central Pennsylvania general contractor and/or subcontractor in the modular building industry, manufactures, installs and finishes modular structures for developers of residential multi-family projects, hotels, apartments, assisted living facilities, student housing and single family homes located throughout the Northeast and Mid-Atlantic states.

The Situation

A niche Company,they were experiencing rapid growth but were saddled with IRS liens and liabilities, high interest loans, as well as a long payment and production cycle for each unit. Working capital was needed to finance the forecasted growth in sales and to continue to upgrade facilities and equipment.

The Solution

Business Capital has a successful track record of delivering growth and acquisition capital for companies where traditional bank financing is not an option and was quickly able to structure and secure a Senior Secured Term Loan and Revolving Line of Credit which will provide the company with the additional working capital they need to further their plans for growth.

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