$ 3.5 Million Mezzanine Finance
Security company provides a full spectrum of security services and quality product technology and applications in the security industry. The company also provides training in the latest government and industry regulations, including extensive X-ray imaging of improvised explosive devices, firearms, artfully designed weapons and all other prohibited items. They specialize in providing security services and resources to a wide range of industries including cruise ship passenger terminal operations, maritime, government, campus, commercial, residential, retail, manufacturing and industrial.
The client had aggressive plans for growth but was encumbered by debt and therefore, client’s current bank could not put together a competitive loan package. In addition, the complicate sub-debt funding structure was made it more difficult to find financing.
Business Capital was referred by the client’s existing bank which was unable to put together a competitive loan package but wanted to keep the depository relationship with the client. Business Capital was able to quickly analyze the company’s financial condition, assess their requirements and concisely articulate their story to specific lenders in their network who would be able and willing to fund this type of complex debt structure. Working with their lending partners, Business Capital was able to successfully structure a complicated and competitive mezzanine financing package to fund the client’s acquisition and growth strategy.