Funding options included using the SBA 7a lending program, screening on interested banks, and the coordination of loan closing details.
Owners were completely unfamiliar with what funding options were available to them.
After vetting several options, client settled on utilizing the SBA 7a lending program.
The owners were able to secure over $700,000 with a national SBA lender based on forecasts and supporting personal collateral. Use of funds are for R&D and commercialization activities.