Big Shoulders Capital (“BSC”) provided a refinancing solution to support over 200 jobs at a New York woodworking manufacturer that has been an important employer in the town for over 40 years. Despite the company having a challenging 2017, BSC was able to move very quickly to provide a Machinery and Equipment term Loan solution that helped the owner generate liquidity to fill current orders and allowed the existing bank to reduce its exposure.
The current lender was pleased to retain the client relationship and satisfy internal banking requirements. The company is thrilled to have additional working capital to keep up with customer demand.