Amount: $5,000,000 | Location: South Carolina
One Source Business Capital (One Source) closed a $5,000,000 SBA 7(a) loan that provides working capital to a Modular Home Manufacturing Company startup. These funds will assist the company, based in South Carolina, build 100 homes for a developer in Savannah, Georgia. The client needed financing to purchase equipment, inventory, and working capital to get started. Unfortunately, their local bank was not in a position to provide funds due to the company being a startup with no historical financial data so they were referred to One Source.
“We have great relationships with lenders in traditional and non-traditional institutions,” said David Marcantonio, President/Founder of One Source Business Capital. “Because of these relationships, when the local bank could not provide funds to this client, their banker referred them to One Source Business Capital.”
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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