Big Shoulders Capital (BSC), an asset-based lender, provided a $1.5 million term loan secured by machinery and equipment. Big Shoulders was able to refinance the company’s commercial bank term loans and provide additional funds for working capital needs. BSC closed quickly in order to maximize the value of the Company and its assets.
Todd DiBenedetto, principal at BSC, grew up in a family manufacturing business similar to that of the Borrower’s which allowed BSC to provide a quick and creative financing solution that incorporated a great understanding of the borrower’s business.
BSC is actively seeking similar middle-market opportunities to acquire distressed debt or finance companies in transition.