Amount: $5,100,000 | Location: Maine |
Closed: Within 10 Days
One Source Business Capital’s (OSBC) bridge loan program recently closed a loan for $5.1 million for an oceanfront inn/spa/restaurant on Maine’s coast. This business was exiting Chapter 11 and taking advantage of a discount, so they needed to close the loan in 10 days. OSBC was able to secure the funding and meet the requirement to close in 10 days, saving the customer a significant amount of money.
“We were happy to assist this business in Maine secure the funding they needed to remain operational while also saving them money,” said David Marcantonio, President/Founder of One Source Business Capital. “I developed strong relationships over the years with the nation’s top private lenders, largest banks and non-bank lenders so I can connect businesses with the right lender for their needs to ensure success.”
One Source Business Capital is consistently ranked the #1 SBA producer for non-bank lenders around the country for business capital. 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 may have been denied by banks in the past. To learn more about One Source Business Capital, you can call (860) 307-4224 or visit our website at www.osbcapital.com.
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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.
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