September 26, 2019
Case Summary: BDC Capital provides $400,000 term loan for a Rhode Island distributor through the Goldman Sachs 10,000 Small Businesses Initiative program.
Overview:
A family-owned refrigerated transportation and warehousing business based in Rhode Island needed to restructure several loans. The company takes in products primarily from food manufacturers and transports the products to points throughout the Northeast.
Challenge:
The existing bank did not want to lose the entire relationship but was unwilling to accommodate the request for a debt restructure.
Solution:
BDC Capital extended a $400,000 seven-year term loan funded through the Goldman Sachs 10,000 Small Businesses Initiative, a loan program designed for Rhode Island businesses. The bank was able to retain its real estate loan and depository relationship with the company.
For creative solutions to financing needs up to $5 million that cannot be met by conventional sources, contact:
Carol Cedrone Brennan
Director of Business Development
BDC Capital / RI Capital
tel 401-450-0047
cell 413-237-6648
30 Exchange Terrace, 4th Floor, Providence, RI 02903
cbrennan@bdcnewengland.com
BDC Capital Financing:
* Fastest Loan Approvals
* Creative Problem Solving
* Constant Communication
Call BDC Capital today to discuss an innovative financing solution for your
