WHAT WE OFFER AT BEDFORD FINANCIAL
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- Asset Based Lines of Credit $50,000 to $5,000,000
- Factoring of Accounts Receivables $10,000 to $5,000,000
- SBA Loans (7a, Express, 504) $50,000 to $5,000,000
- 504 loans can go up to $10,000,000
- USDA Loans $500,000 and up
- Equipment Leasing $10,000 and up
- Working Capital Term Loans $10,000 and up
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2017 Deals
$500,000 Asset Based Line of Credit for a wholesaler of baked goods
$1.1 million SBA loan for the purchase of a grocery store (real estate and business)
$300,000 SBA 7a loan for the acqusition of a chiropractic practice
3 Lines of Credit for clients who had obtained term loans previously from Bedford
$100,000 term loan for a retailer of mattresses
2016 Deals
- Two SBA loans closed in January ...both were for businesses purchasing the building they had been renting.
- We had a number of WORKING CAPITAL TERM LOANS close and or renewed this year.
- A small MEDICAL RECEIVABLES factoring faciltiy closed in January.
- A $500,000 factoring facility for both DOMESTIC AND FOREIGN RECEIVABLES approved in January...no personal guarantees required on this deal.
- A company with FOREIGN OWNERSHIP was able to get an asset based line of credit to replace their current bank facility (bank wanted to be paid off)
- A $75,000 LEASE for a medical transport services company closed along with a small trucking lease
- Two ACQUISITION LOANS via SBA closed in the Fourth Quarter of 2016. One for $1.2 million and another for $2.4 million. Both are under collateralized but have strong enough cash flow to support FINANCING THE GOODWILL portion of the acquisition. One of the acquisitions will also be getting a $1.5 million line of credit via one of Bedford's asset based lending sources after the SBA loan closes.
- A bakery was approved for $50,000 in EQUIPMENT PURCHASES that will allow them to move from their home base to a new facility.
- Company that provides luggage services for airlines was approved for FACTORING in August.
- A RESTAURANT looking to expand into a new hotel in a vibrant downtown community obtained a $900,000 commitment.
- A convenience store with 12 months of positive cash flow needed to pay off a bank loan that was in the workout department. We were able to do the $1.3 million refinance of this property in the summer of 2016.
2015 Overview
- SBA Closings and/or Commitments: Business acquisition of a greeting card company, Express loans for fire safety protection firm and a restaurant, 1.3 million loan for start up car wash, real estate purchase for both a health care provider and a chemical distributor.
- Factoring and or Asset Based Lending Closings or Commitments: Staffing company, medical research firm, textile distributor, exporter, engineering firm, start up manufacturer, metal fabrication company, medical distributor used existing asset based line to purchase another business, solar lighting manufacturer.
- Equipment Leasing (closings or commitments): start up brewery, SEVERAL restaurants, powdercoating company, SEVERAL trucking companies, movie theater, printers.
- Short Term Working Capital Closings: printer, fabric shop, mattress retailer, law firm, several trucking companies, promotional products reseller, pet kennel
2014 CLOSINGS
NOTE: NO DEAL IS TOO BIG OR TOO SMALL FOR US!!!
- $7,000 lease for a printing company needing a cutter (Equipment Lease)
- $10,000 for a shipping/packaging store (Working Capital Term Loan)
- $10,000 for a publishing company (Working Capital Term Loan)
- $10,000 for a surf board shop (Working Capital Term Loan)
- $15,000 for a butcher shop (Merchant Cash Advance)
- $19,800 working capital term loan for a home services contractor
- $25,000 for a telecommunications service provider (Working Capital Term Loan)
- $25,000 for a roofing contractor (Working Capital Term Loan)
- $27,500 for home health care provider (Working Capital Term Loan)
- $30,000 for a marble distributor (Equipment Lease)
- $30,000 for an electronic panel manufacturer (Receivables Line of Credit)
- $36,800 for a hair care products retailer (working capital term loan)
- $40,000 for a furniture reseller (Working Capital Term Loan)
- $45,000 lease for an expanding pizza franchise (to close in October)
- $50,000 for a physical therapy clinic (Receivables Line of Credit)
- $50,000 for a wireless service provider (Receivables Line of Credit)
- $50,000 for a fabric retailer (Working Capital Term Loan)
- $55,000 for a heating and air conditioning contractor (Working Capital Term Loan)
- $55,000 for a trucking company ($35,000 in equipment, $20,000 in working capital)
- $60,000 for a marble and tile distributor (Equipment Lease)
- $75,000 for a commercial furniture reseller (Working Capital Term Loan)
- $75,000 for a movie theater (Working Capital Term Loan)
- $80,000 lease for a hotel needing an emergency generator
- $100,000 for a mental health facility (Medical Receivables Line of Credit)
- $100,000 for a staffing company (factoring)
- $100,000 for a machine shop with excellent receivables (factoring)
- $100,000 for a home health care agency (Working Capital Term Loan)
- $100,000 for a company that cleans ventilation systems (Receivables Line of Credit)
- $100,000 for a textile importer (Receivables Line of Credit)
- $100,000 for a gas grill manufacturer (Receivables Line of Credit)
- $195,000 for a golf cart dealer needing inventory (Working Capital Term Loan)
- $220,000 for an investor that owns two business properties (Commercial R/E loan)
- $225,000 for a Mobile Home Park that needed to refinance its debt
- $400,000 for a Medical Distributor (Purchase Order Financing/ A/R Financing)
- $400,000 for a commercial insulation contractor (Receivables Line of Credit)
- $500,000 for a Medical Distributor (Asset Based Line secured by A/R and Inventory)
- $500,000 for a Logistics Company (Receivables Line of Credit)
- $500,000 for a START UP MANUFACTURER (Purchase Order and Receivables Line of Credit)
- $530,000 debt refinance for a sporting goods franchise (commercial real estate loan)
- $785,000 SBA loan for a convenience store to purchase a vacant store for expansion
- $830,000 SBA loan for a grocery store/gas station acquisition...buyer was from out of state
- $850,000 SBA 7a loan for partner buyout
- $900,000 for a company that consults municipalities (Acquisition loan via an Asset Based Line of Credit)
- $1,000,000 for a manufacturer (Receivables AND Inventory Line of Credit)
- $2,400,000 for the lead tenant to purchase the shopping center where one of his steakhouses is located.
- This list will be growing as we have several commitments that are pending!!
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