Amount: $3,390,000 | Location: Florida
One Source Business Capital (One Source) closed a $3,390,000 SBA loan, with an additional $250,000 working capital line of credit, for a client to purchase an Antique and Classic Car Restoration business in Florida. The buyer had 5% for a down payment but was unable to secure a traditional bank loan. So instead, the client was referred to One Source, a mortgage consulting firm with experience in structuring these types of transactions. One Source secured an SBA loan at a fixed rate of 6% for five years, 15-year term.
“This client created a strong business model for the purchase of the auto restoration business but just needed the financial assistance for a successful implementation,” said David Marcantonio, President/Founder of One Source Business Capital. “Sometimes our clients don’t meet the strict guidelines of traditional bank lending but would be very successful if given the opportunity to purchase the business. Our relationships with the traditional banking industry, the nation’s top private lenders, and non-bank lenders allow us to assist clients in meeting their business lending and capital needs in a variety of situations.”
The SBA consistently ranks One Source Business Capital as a top producer for non-bank lenders around the country for business capital. One Source Business Capital has office locations in Florida, Texas, Massachusetts, and Connecticut; and can assist in lending to businesses nationwide. With more than 26 years of experience in bringing borrowers and direct capital together, One Source Business Capital has funded over $460 million for small businesses. Affiliations with the nation’s largest non-bank lenders allow One Source Business Capital to provide loans to businesses that banks may have denied in the past.
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At One Source Business Capital, we have a singular focus — YOU. It allows us to bring efficiency and timeliness to the process. Very few lenders have the depth of knowledge and experience we do. You can count on us to get it done when no one else can.