Concord Financial Advisors closed $5.2 million of senior facilities for a leading commercial subcontractor in the electrical, structural steel and roofing market segments in Northeast Ohio.

The company, in business for more than 80 years, had been with the same bank for more than 40 years. Its original bank had gone through several mergers and acquisitions and was now part of a much larger institution. The company found that it was no longer a fit for the bank’s definition of a target customer.

The company had been seeking a new banking relationship on its own but was not satisfied with the progress it was making. Once introduced to the company Concord quickly determined that the company’s core business was strong, under solid management and would be an attractive client.