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Commercial Finance Partners Closes $9MM in Funded Deals in August

September 05, 2018, 07:00 AM
Filed Under: Industry News

Commercial Finance Partners announced that the company closed five SBA 7a Term Loans in August with a total funded volume of $9 million.  The requests ranged from debt refinancing, construction financing, and working capital- all borrowers received term loans ranging from $300,000 to $3,000,000, ranging with terms from 10-25 years.

The brief highlights are as follows:

  • $650,000 Term Loan for a car rental service to refinance high interest debt and obtain working capital
  • $300,000 Term Loan for an equipment purchase for an existing client seeking a new piece of equipment for a new project
  • $2,350,000 Term Loan for a trucking company seeking to refinance various loans and leases tied to the owned trucked and trailers
  • $2,200,000 Term Loan for an environmental analysis and data collection firm seeking to refinance debt and obtain working capital
  • $3,500,000 Term Loan for an equipment manufacturer seeking to pay off merchant cash advances and obtain working capital

“Providing our borrowers with a low cost, long term capital option is key to helping our clients grow their businesses and creating a long-term client relationships for our firm” commented Darren Palestine, Managing Partner of Commercial Finance Partners.  “We are able to also providing working capital financing through revolvers and other asset based loans- our clients will often entertain CFP for multiple engagements through the life of the relationship.”

Since 2016, Commercial Finance Partners has facilitated over 50MM in SBA loans for our clients and borrowers.  Commercial Finance Partners is a Florida based lender and loan packager providing working capital solutions for small to middle market business seeking alternative forms of capital including asset based loans, term loans, accounts receivable funding, and other non-traditional capital resources. 

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