Success Stories

Reduce borrowing cost.  A heavy equipment repair service located in Wisconsin had struggled under a financing structure consisting of a factoring facility and several equipment loans and leases.  Puritan provided a $600,000 revolving line to stabilize the borrower’s cash flow and reduce borrowing costs. The borrower’s sales grew and the line was increased to $1.1 million.  The decrease in its borrowing costs, the increase in the borrower’s revenue and the resulting increase in its net income ultimately allowed the borrower to obtain conventional bank financing.

Interim relief financing. An experienced turn-around professional was able to acquire a metal fabricating company with the assistance and leverage of Puritan Finance. The seller had never been able to successfully operate the business and historical numbers looked poor. Puritan was able to assess the skill of the purchaser through multiple meetings, site visits and other due diligence. We provided term and revolving credit in the low seven figure range. Since closing the loan, the company's performance far exceeds past results when making a historical comparison.

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