Recently funded plumbing & HVAC contractor in Southeastern MA with a term loan
Use of Proceeds: Refinance of MCA debt
Industry: Plumbing & HVAC
Loan Type: Term
Without proper financial reports during periods of high sales growth, the business struggled to fund its rapid growth and turned to a MCA loan to replenish working capital. MGCC provided the term loan to refinance the borrowers debt, which improved its working capital position and saved the business $20,000 per month.