A Chicago-based commercial flooring contractor turned to our lending specialists for working capital to fund large projects.
First American Bank leveraged the SBA 7(a) contract CAPLine, which enabled contract-specific financing based on the costs the company incurred over the life of the construction project.
That decision proved fruitful. The business was able to take on a large construction project, for which they could pay for material costs and labor right away—a major accomplishment, given that the contract stipulated a payment delay of 90 to 120 days.
Learn how our business loan solutions can help you tackle new projects and initiatives.
Backing Business: Chicago Commercial Flooring Contractor
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