PURCHASE OF NEW TRACTOR TRAILER
Financed the purchase of new tractor at competitive rates. Client only need to come to the table with first and last payments. Now built a relationship with the lender to allow future purchases quickly and easily.
PURCHASE OF NEW TRACTOR TRAILERS FOR NEW COMPANY
Company was under 18 months old and just received new contract that required new equipment. Most lenders turned down the deal because of the age of the business and the fact that the contract was new. We were able to get the deal done at very reasonable rates to allow them to purchase the new equipment and grow.
REFINANCE OF 2 FAMILY HOUSE - BROOKLYN
After purchasing and then fixing up and stabilizing this 2 family rental house it was time to refinance their high interest rate mortgage. We worked with a NYC bank to get them a very competitive long term bank loan, saving them thousands of dollars each month. The building had good cash flow and owner had good credit and very bankable.
REFINANCE INDUSTRIAL BLDG- FAIRFIELD, CT
After being turned down by many banks and even some hard money lenders, we successfully refinanced this industrial building with a long term note at a very reasonable rate and paying off their hard money loan. This client was unable to get a regular bank mortgage do to a number of outstanding liens and personal credit issues. We were able to payoff the liens and get the mortgage done for the client allowing them to move forward again and be cashflow positive. In addition to obtaining the loan we provided consulting services in structuring the deal.
Using business equipment and personal residence for collateral, we raised $360,000 low interest loan for a company recently taken over by the son of the founder. The business was not bankable due to cash flow and credit issues and the client had numerous turndowns before turning to NTIB. We provided consulting assistance to properly prepare the financials to get the approval.
Provided a loan to purchase and rehab a high-end beach home in NJ. Client had a number of liens on his record but had great experience. Found and negotiated with a lender to get this deal completed and funded. Now that the project is 80% completed lender ready to do the next project for this client.
We provided a very low interest loan against the clients small stock portfolio and then used his excellent credit to get him unsecured credit to provide the remainder of the funds need for him to secure a packaging/mail franchise in CO.
Deal to refinance non-current debt and provide additional working capital to upgrade a portion of the land for sale.
Under three year old commercial trade contractor with local public jobs that they are paid via GCs. Was able to raise up to 80% of their current A/R. Was particularly interesting as contractors, especially in NY, are very difficult to get A/R funding for.
We raised $150,000 of expansion capital for a janitorial service in Florida. Based on their excellent history, the owner’s good credit profile, and potential for growth we obtained an unsecured loan for 5 years for this firm. Only a business UCC and a typical personal guarantee were required. No property liens or mortgages were needed. Given the low payments due to the length of the loan the company will have an easier time growing their business.
A company providing emergency services to retails chain needed funds to even out their cash flow due to the seasonal nature of their business. Accounts receivable financing would have been much more expensive and cumbersome for them to manage. Our product was a straight three year loan and will allow them to focus on their clients and not worry about their daily cashflow. No mortgages or equipment liens were required.
We raised capital for this client with an excellent credit history that quit his job to start this retail service business. We were able to get him a 10 year low interest SBA loan and the only security was a standard UCC filing. Bank based their decision on the owners credit history, and strength of his business plan. No hard collateral was required
We raised $100,000 of unsecured credit using the good credit of the family to purchase a restaurant in NY.
We provided advice during the purchase and reduced their cost of merchant services upon completion of deal.
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