$3M Credit Facility Powers Metal Manufacturer Past SBA Loan Limits
Funding Received:
$3 Million
The Challenge
A Virginia-based company had transitioned over its 20-year history from being a premier metal manufacturer of stall components and door systems for a niche market to providing full-service design, fabrication, powder coating, and assembly services. Now, with nearly 40 full-time employees and a national customer base, the company was showing growth projections that would outpace its working capital secured through a Small Business Administration (SBA) loan with a traditional lender. A company adviser introduced the owner to Alterna Capital Solutions to explore the possibility of invoice financing.
Our Solution
We worked closely with the client, their adviser, and the existing SBA lender during our underwriting process to ensure the interests of all parties were being considered and addressed, including a new appraisal requested by the SBA lender. Once the new appraisal was completed and delivered to the lender, the Alterna team finished structuring the deal and closed the transaction within a matter of days.
Measured Results
Great Relationship
Maintained a great relationship between the client and their SBA lender.
90% Advance Rate
90% advance rate on accounts receivable
Partner with Alterna
If your business needs faster, more flexible access to working capital, Alterna is ready to be the partner behind your next move.
