24 Apr $150,000 Commercial Loan For Connecticut Construction Company
April 24, 2013
Worth Avenue Closes a $150,000 Commercial Loan For a Connecticut Construction Company
Worth Avenue Capital, LLC is pleased to announce that it just closed a $150,000 commercial loan for a well established construction company in Connecticut. The loan proceeds were used for working capital purposes for the business and the loan was funded by a New England based commercial bank.
Construction companies are continuing to experience difficulties in obtaining capital for both their short and long term funding requirements. Despite this phenomenon, WAC was able to locate a source of capital for their client who proceeded expeditiously to close the transaction in a timely manner and provide much needed capital to the company. WAC’s client was not familiar with the bank who funded the loan prior to WAC introducing its client to the bank.