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Marketing Firm Secures SBA Loan to Refinance Balloon Mortgage

“We faced challenges trying to refinance our high-rate commercial mortgage and the big banks just couldn't help us. Jeff Peisach of 44 Business Capital listened, understood our issues, conceived a solution, and then put together the team of resources needed to accomplish our objectives.44 Business Capital provided smart, effective service by thinking beyond just their role and focusing instead on all of our needs."

Glenn Towle
Merrick Towle Communications | Beltsville, MD

CHALLENGE

The 27 year old company had a mortgage balloon with a large regional lender who did not wish to renew the relationship based on some difficult years the business experienced during the Great Recession. Jeff Peisach and 44 Business Capital were able to look past the numbers to see the strength of management and the established turnaround in the business. 44 Business Capital arranged a long term SBA 7a loan with no balloons and lower monthly payments. 44 also referred Merrick Towle to a community bank to establish a new line of credit and deposit relationship. Now management can focus on running their business without worrying about a balloon coming due every 3-5 years or working capital.