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 an MCA loan to replenish working capital. MGCC provided the term loan to refinance the borrower's debt, which improved its working capital position and saved the business $20,000 per month.