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
$500,000 Line of Credit for 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 government contractor looking to expand
$900,000 real estate purchase with a company that could not get bank financing due prior bankruptcies
$750,000 line for a marble/granite distributor
$100,000 factoring facility for a paving contractor
$250,000 short term working capital loan WITH NO UCC FILINGS associated with the loan
$45,000 equipment lease for a contractor
$65,000 working capital term loan WITH NO UCC FILINGS and a second 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 looking to open a 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
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!!