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Hardware Store Opens Second Location

“With time ticking down on a lease and the crucial spring selling period rapidly closing in. We found lending institutions unwilling to extend credit for our new store because of the economic conditions. We faced losing our dream before placing our first merchandise order. 44 had a professional business sense and enabled us to obtain our financing. Since our opening we have had consistent winning results and look forward to a continued expansion of our American dream.”

Richard and Sharon Malasics
Owners True Value Hardware, Phoenixville, PA

CHALLENGE

The borrower had difficulty finding a lender to finance this expansion due to the credit crunch. 44 Business Capital saw that the operator had extensive experience and an outstanding relationship with the Franchisor, True Value. The Malasics' had a solid business plan for their current hardware store. There was also some outside collateral that helped strengthen the deal.