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$6 Million Bridge Loan For Manufacturer With Cash Flow Difficulties

The London Manhattan Company is pleased to announce it recently provided Real Estate and Equipment Bridge Financing for a manufacturing client located in the Eastern US.　 This financing provided much needed liquidity for the borrower in a rapid time frame.　 We also arranged permanent financing to take out the bridge at the end of its term.

The Situation:

The borrower was a historically profitable manufacturer with annual sales running at just under $20 million.　 The company lost some major customers and experienced severe operating difficulties during a two year period preceding the bridge financing.　 As a result, the borrower needed additional liquidity quickly.　 The bridge loan provided immediate relief from cash flow difficulties, and follow on permanent facilities from other lenders took out the bridge lender.

The Financing:

This Bridge Financing had the following attributes:

Amount Financed:　 Approximately $6 Million
Facility Structure:　 Bridge Loan
Collateral for Bridge Loan:　 Real Estate and New and Used Equipment
Term:　 Twelve Months
Bridge Loan Takeout (Exit):　 Provided by Permanent Real Estate and Equipment Financing from other lenders

Many Other Special Programs Available

We have many niche lending programs available, including those suitable for companies with less than perfect credit.　 If you have had difficulty getting the financing you need, please give us a call.

For more information, or if you have an opportunity you would like to discuss, please contact Ron Giguere at 888.859.6025

 

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