Amount: $425,000 | Location: New York
One Source Business Capital (One Source) closed a $425,000 SBA 7(a) loan that provides working capital to a printing company for new equipment. The client first approached a bank for this loan, but they were denied due to new restrictions for traditional banking lenders that exclude business loans to this particular industry. The bank then referred this client to One Source as a resource, and funding was provided. After receiving this loan, the client secured the new equipment and has already increased its revenues by more than $300,000 annually.
“Traditional banks have certain restrictions that can prevent them from providing business or working capital to their clients,” said David Marcantonio, President/Founder of One Source Business Capital. “We have great relationships with these banks, and non-traditional lenders, to serve as an additional resource that assists businesses in securing needed funds for success. Thanks to this particular loan, the client has already seen an increase in annual revenues and will be able to expand their operations further.”
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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