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Concord Financial Secures $5MM Revolver for Concrete Structures Company

November 19, 2015, 07:47 AM
Filed Under: Manufacturing

Concord Financial Advisors, LLC announced the closing of a $5 million senior secured revolving line of credit for Concrete Structures of the Midwest, Inc. located in West Chicago, IL. The company specializes in cast-in-place concrete construction and design for airport runways, highways, high-rise buildings, specialty flooring among other uses.

Concord created a detailed memorandum featuring the company's leading industry position, strong ownership/management team and increased market share. Concord drew on its team's 100+ years of experience to identify multiple bank and non-bank financial institutions that were comfortable with the industry.

The company's president, Frank Aiello said, "Concord's team saved us a significant amount of time and money by quickly identifying qualified lenders that understand our business and negotiating the terms and structure of our lending arrangement with our new lender. We are very happy with our new lender and thankful that we hired Concord."

After conducting a targeted search process that generated multiple proposals, Concord secured an attractive loan structure from a local bank that met all of the company's financing objectives.

Middle-market companies seeking access to debt capital require a trusted advisor to help them navigate the often convoluted financing process. Concord's clients rely on our broad financial expertise and deep relationships with a wide range of capital providers in offering tailored debt financing solutions that result in significant savings of time and money for its clients. Concord has closed over 90% of its retained assignments and more than 140 successful transactions totaling over $1.2 Billion since its inception in 2001.

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