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Carrying on the Legacy of a 29-Year-Old Plumbing Company

"Both David Velez and his team made it possible for my family to carry on the legacy of a very successful, 29-year-old plumbing business. David not only provided the acquisition loan and a working capital line of credit but is also the reason I met the seller. As a mutual friend of both the seller and I, he worked incredibly hard for the benefit of both parties. His expertise was critical in navigating the due diligence phase and later, the eventual SBA acquisition financing process. I could not be happier with the execution of this opportunity, and it would not have been possible without David and 44 Business Capital."

Hebert Diaz, President
Herndon Muncey Inc. | Houston, Texas

"I have known David for many years. We were at a family vacation camp with our families, and I knew David was an SBA Loan expert, so I approached him to give me some information about selling my business. David was very helpful in helping me know what the next step in the process was and how best to proceed. He was good at suggesting things that kept the ball rolling. He was also faithful to check in to see how it was going. He was always very positive and encouraging."

Tom Muncey, Seller
Herndon Muncey Inc. | Houston, Texas

CHALLENGE

It is challenging when a buyer is looking to purchase a business. It is the SBA that can help when there is a lack of collateral. The seller was the founder of a 29-year old business in a niche plumbing sector and was willing to take his time to ensure he found the right buyer for the business. David introduced him to a friend who was searching for an Entrepreneurship Through Acquisition. Over time the prospective buyer and the seller built a relationship to ensure it would be a good long-term fit for everyone. 44 Business Capital was able to structure an SBA loan and a LOC to finalize the sale.
OUR BORROWERS SAY IT BEST
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