Amount: $5,000,000 | Location: New York
One Source Business Capital (One Source) closed a $5 million SBA 7 (a) loan, under a 25-year term, for a Health and Fitness Facility in New York. The client was working with a lender who could not provide a long-term loan, so they contacted One Source and received the funds they needed for the amount of time desired.
“Health clubs and gyms tend to be harder to finance due to strict guidelines with financial institutions and related lending companies,” said David Marcantonio, President/Founder of One Source Business Capital. “Because we have numerous relationships with the traditional banking industry, the nation’s top private lenders, and non-bank lenders we can find ways to assist our 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.