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Commercial Finance Partners Closes Over $25MM in Financings in Q2 2021

July 12, 2021, 07:44 AM

Commercial Finance Partners closed over $15,000,000 in new SBA 7a Loans for Q2 of 2021.  As lending has returned to pre-pandemic levels, Commercial Finance Partners also provided over $10,000,000 in other lending facilities including accounts receivable factoring, supply chain financing, term loans, and equipment financing.  Some of the highlights include:

  • $5,000,000 AR Factoring Line for the acquisition of a technology staffing firm.
  • $1,850,000 SBA 7a for the acquisition of a c-store and deli.
  • $300,000 in Equipment Financing for the acquisition of new trucks for an existing factoring client
  • $1,100,000 Supply Chain Financing Facility for an importer of garbage cans and accessories
  • $2,500,000 SBA 7a for debt refinancing for a chain of restaurants in Louisiana
  • $2,098,000 SBA 7a for the acquisition of a bar and grill
  • $1,000,000 AR Factoring line for a healthcare staffing company

“It’s great to see activity to return to 2019 levels again” commented Darren Palestine, Managing Partner.  “We were able to help a variety of businesses through both our direct lending and consulting programs- and we anticipate both the third and fourth quarter to continue to show large growth amongst all programs we offer.”

Commercial Finance Partners provides funding solutions for small to middle market companies seeking non-traditional sources of capital and working capital.  Through direct lending and partner programs, Commercial Finance Partners is the one-stop shop for any non-bank financing need.  Product offerings includes accounts receivable financing, SBA 7a and 504, asset-based loans, equipment financing, real estate loans, and other non-traditional loan products to fit almost any small- to- medium size business financing request.  

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