Commercial Finance Partners has set a new record in 2019 by facilitating more than $117 million in new SBA loans for 2019.
A few highlights include:
- $5 million SBA 7a to refinance real estate and equipment for a sign manufacturer on a projections basis
- $3.875 million SBA 7a to refinance debt and provide working capital for a chain of home furniture retail stores
- $4.43 million SBA 7a to acquire a machine shop in California
- $4.4 million SBA 7a to refinance debt for an asset-based hauler
- $4.2 million SBA 7a to acquire an oilfield equipment supplier located in Oklahoma
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“We are thrilled with our growth in 2019,” said Darren Palestine, managing partner. “Our goal has been to provide our clients with access to solutions for growth, debt refinancing, and acquisition financing- while supporting the working capital needs through our direct lending and partner programs.”
