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Backing Business: Industrial Rubber Product Distributor and Installer

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febrero 29, 2024 | Escrito por First American Bank
A Tampa-based distributor and installer of industrial rubber products needed to construct a new building to accommodate their growing business, and they knew they would need a dynamic funding solution to do it. To support the expansion of their venture and facilities, the company came to First American Bank seeking to build a new building without disrupting their current operations.

We quickly worked to provide construction financing to be replaced with a pre-approved SBA 504 loan to allow a minimal down payment and a long-term fixed rate. Today, the new building is up and running, allowing the business to substantially scale its operations—and increase sales.
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