[DALLAS] – March 4, 2025 – Flatbay Capital recently closed a $1.5 million commercial real estate (CRE) line of credit for a family-owned and operated Texas-based distributor of industrial and maritime products, marking a pivotal step in the company’s recovery and expansion efforts.
Founded in 1963, the company has grown into a reputable partner for numerous national and global manufacturers, earning recognition as a top distributor in its field due to its diverse and high-quality product offerings. However, the post-COVID-19 landscape brought significant challenges—shutdowns, price increases, the patriarch’s health-related step-back, and an electrical fire that devastated their warehouse. Despite these setbacks, the family rallied, investing in marketing initiatives and property renovations to stage a gradual recovery throughout 2024.
Facing limitations with its existing credit facility and unable to secure additional traditional bank financing due to historical financial performance, the company turned to a solution facilitated by a trusted partner. The exceptional team at Amegy Bank introduced the distributor to Flatbay Capital’s Business Development Officer, Vivian Thompson, who swiftly crafted a tailored response to their needs.
Flatbay Capital supplied a $1.5 million CRE line of credit, enabling the company to pay off existing notes and access additional cash for working capital requirements. “We were created to help companies such as this: a family business legacy established over 60 years ago in need of additional capital to ensure the next 60 years of growth, innovation, and success,” Vivian Thompson said. “I’m extremely thankful for the amazing partnership with Amegy Bank, appreciative for their trust in us, and beyond pleased that we provided a meaningful solution.”
Flatbay Capital expressed gratitude to the client for choosing to partner with them, anticipating a strong turnaround and continued growth in the years ahead with this financing support.
