March Fundings Highlights
2010 continues to present challenges to business of all sizes. While business seems to be picking up in some regions and industries, the access to the capital to support this growth has continued to be tight. Oak Capital Group, Inc has again found ways to get business owners the financing they need to purchase equipment and meet expenses. Here is a sample of transactions funded in March
Over $100,000 for a Broadband and High Speed Data Provider
An East Coast technology company needed quick access to equipment financing for the expansion of their network capabilities. Oak Capital placed over $100,000 for the company without requiring large down payments or personal guarantees. They had been seeking placement for the financing for some time prior to funding Oak Capital and consulting with our team of industry veterans.
$20,000 Cash Loan for Local Fitness Center
A local fitness center needed a relatively small amount of cash to purchase inventory such as supplements and supplies. Their vendors were willing to offer bulk discounts for larger purchases and with the $20,000 we were able to acquire for the company, they saw an immediate impact on their bottom line. The loan was underwritten using the strength of their monthly merchant credit card receivables and business bank statements.
$47,000 for a Chipper
A Northern California tree trimming and landscaping business needed to purchase a new chipper to support new Municipal and Commercial contracts. When their bank said no Oak Capital said yes and set them up on an affordable 60 month payment schedule.
$50,000 for Food Packing Equipment
A rapidly growing food packaging company needed to purchase a $50,000 machine to support a new contract to supply their products to major retailers throughout the country. With less than a 5 year track record in the business and with the owner using mostly home equity and credit cards processed to fund the growth of the business, their bank was concerned that he was over extended. Using the equipment as collateral and taking the time to understand his business past a credit score, Oak Capital secured $50,000 for the client.
Do you have as story of access to capital limiting your businesss recovery? Have you been declined for a loan by your bank, SBA, or another leasing company? Are you an equipment seller looking for a source of financing for your customers?
Let us know how we can help.
OAK CAPITAL GROUP, INC
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