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44 Business Capital Announces Recent Transactions

September 26, 2014, 07:43 AM

44 Business Capital recently assisted on a variety of deals this summer including an SBA loan for $1.9 million for MJF Materials of Lindenwold, NJ. This deal allowed the specialty trucking company to go green by purchasing ten new Compressed Natural Gas (CNG) dump trucks to replace their older diesel fleet of trucks. According to Mike Forte, president of MJF Materials the loan will allow them to cut fuel costs by 51%.

In the firm's Baltimore, MD region, 44 Business Capital’s Senior Vice President, Jeff Peisach recently assisted on the closing of a deal for Merrick Towle Communications of Beltsville, MD. The SBA loan for $2.85 million allowed the popular marketing firm to refinance a balloon mortgage. “We faced challenges trying to refinance our high-rate commercial mortgage and the big banks just couldn’t help us. Jeff Peisach of 44 Business Capital listened, understood our issues, conceived a solution, and then put together the team of resources needed to accomplish our objectives,” said Glenn Towle of Merrick Towle Communications.

Also in Baltimore, Jeff Peisach recently closed an SBA loan for $5 million for the Barcelona Nut Company, allowing the snack food manufacturer to secure a much needed refinancing package.

44 Business Capital provides SBA loan assistance to small businesses in Philadelphia, PA, New Jersey, Delaware, Baltimore MD, Northern VA, and Washington DC.

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