Commercial Finance Partners Sets Record with $117MM in New SBA Loans

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

_x000D_

• $3.875 million SBA 7a to refinance debt and provide working capital for a chain of home furniture retail stores

_x000D_

• $4.43 million SBA 7a to acquire a machine shop in California

_x000D_

• $4.4 million SBA 7a to refinance debt for an asset-based hauler

_x000D_

• $4.2 million SBA 7a to acquire an oilfield equipment supplier located in Oklahoma

_x000D_

“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.”