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 and Credit Lines $10,000 and up
$2 million factoring facility for a drywall contractor
3.8 million debt restructuring for a distributor of compost and mulch
3.0 million business acquistion loan for a plumbing company
1.9 million SBA 7a expansion loan for a restaurant
$1 million ABL facilty for an apparel company
$500,000 asset based line of credit for a baked goods wholesaler
$1.1 million SBA loan the purchase of a grocery store
$300,000 SBA purchase of a chiropractor office
3 Lines of Credit for clients who had obtained term loans previously from Bedford
$100,000 term loan for a retailer of mattresses
1.2 millon real estate purchase with only $19,000 down for a contractor looking to expand
$900,000 real estate purchase with a company that could not get bank financing due to BKs
$750,000 line for a marble/granite distributor
2 $50,000 lines of credit (unsecured)
$100,000 factoring facility for a paving contractor
$250,000 (3 in total) short term working capital loan WITH NO UCC FILINGS
$45,000 equipment lease for a contractor
$65,000 working capital term loan WITH NO UCC FILINGS and a 2nd position behind SR lender
$1 million asset based line of credit for a manufacturer of displays and trade show booths
$310,000 SBA loan for a popular sandwich franchise (new facility)
Two SBA loans closed in January 2016 ...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.
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