A software and service provider in the facilities maintenance industry reached out to our lending specialists in the Miami market for refinancing on a Main Street Lending Program loan that had a short-term repayment schedule and a prohibition on other borrowing.
To reduce the high repayments and provide greater flexibility, First American Bank created a two-part lending solution that includes a cash flow loan with longer amortization and a recapture provision, and an asset-based loan to provide working capital. With this creative financing solution, the company can now handle a stream of low payments that matches their cash flow—and fuel future growth and acquisitions.
Explore how our business loan solutions can help you obtain more favorable financing.
