11 Oct PUTS ECONOMIC POWER INTO EAST HAVEN’S GSS POWERSPORTS
October 11, 2010
WORTH AVENUE CAPITAL PUTS ECONOMIC POWER INTO EAST HAVEN’S GSS POWERSPORTS
Guilford, CT — Worth Avenue Capital LLC, Guilford, has just closed another essential loan for small businesses, adding to its string of successful loan closings in recent months. East Haven’s GSS Powersports, formerly Gargano’s, is a longtime distributor of recreation vehicles including jet skis; collectively, the firm has been in business since 1961. Worth Avenue Capital prides itself in financing and consulting for small to mid-size businesses, from $1 million in sales to $30 million. Founded by President Michael M. Ciaburri, Worth Avenue is an experienced banking boutique with nationwide access to many diverse financial resources. “GSS Sports was the perfect fit for us,” Michael Ciaburri said. “The commercial loan we obtained for $120,000 from a Connecticut commercial bank gives them the `power’ needed today to move forward in a tough economy. Retailers need a break. With many conventional avenues to money already shut down, Worth Avenue opens the doors with creative ways to lending.” In addition to commercial loans, Worth Avenue Capital specializes in bank workouts to restructure companies in need of liquid assets. Ciaburri has proven to be an effective lead negotiator in bank workouts. The former President and CEO of a New Haven commercial bank, he founded Worth Avenue Capital almost four years ago, delivering many diverse loans to small businesses throughout the state. For more information, contact Michael Ciaburri at 171 Old Sachems Head Road, Guilford, CT 06437. Direct line: 203-605-4082. Email: Michael Ciaburri worthavenuecapital@gmail.com