Amount: $350,000 | Location: Connecticut
One Source Business Capital (One Source) closed a $350,000 SBA 7(a) loan for a home healthcare agency in Connecticut. The agency needed funds to recruit and hire more staff to support the influx of additional work created by the State of Connecticut. The clients’ bank was unable to provide funds for this type of loan and referred them to One Source as another resource to obtain the funding needed.
“Due to restrictions in place with traditional banks, they are not always able to provide funding for those seeking business or working capital,” said David Marcantonio, President/Founder of One Source Business Capital. “This is where our firm comes in as we are able to leverage our power of non-bank financing to assist clients in obtaining funds needed to continue to do business. We are happy to see that the funds in this particular case are also providing employment opportunities in the area as well.”
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 bringing borrowers and direct capital together, One Source Business Capital has funded over $561 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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