A federal government contractor based in San Diego worked with our business expert Jamie Walrack to provide them with a cash flow loan and finalize the ESOP they had in place for many years.
As a part of the initial sale to the ESOP, the selling shareholders agreed to a Warrant package as a part of their overall proceeds from the sale. As the Company grew, and to cut off the growing expense associated with the Warrants, First American Bank provided a cash flow loan capping the expense to the Company and providing the previous shareholders the liquidity they were looking to obtain, creating a favorable situation for both the selling shareholders and the new employee owners.
Explore our ESOP Financing Solutions.
Backing Business: Federal Government Contractor
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