16 Oct WAC Closes Loan for Single Member LLC in West Haven, CT
October 16, 2011
Worth Avenue Capital, LLC of Guilford, Connecticut recently closed a $55,000 commercial loan to a single member LLC in West Haven, Connecticut. The borrower is a new entity that will be investing in undervalued real estate. The loan proceeds are secured by real estate and will be used for working capital purposes. The loan was funded by one of WAC’s private lenders and closed in approximately 10 days from the initial loan application.
Despite the lingering economic environment and continued lack of availability of conventional bank financing for small businesses, Worth Avenue Capital continues to assist the small business community with its financing requirements.
Please do not hesitate to call Worth Avenue Capital’s Principal, Michael Ciaburri, if your small business is in search of capital for either growth opportunities or debt restructurings. In addition, Worth Avenue Capital specializes in performing bank workouts for those same small businesses.