Arvest Bank Refinances 1847 Goedeker’s $3.5MM Term Loan
Arvest Bank refinanced 1847 Goedeker’s $3.5 million term loan by providing a new five-year, 3.25% term loan. The original loan had a remaining term of 45 months and carried a rate of 12%. The refinancing reduced the annual debt service by nearly $410,000.
August 27, 2020 1847 Goedeker | Arvest Bank | Doug Moore Phil Neuffer