Alliance Business Capital is pleased to have successfully closed a loan for the purchase of an office building in NH. The borrower is an online retailer of Household goods and while a fairly new company has seen steady growth over the last 3 years in business.
The borrower is actually a repeat customer of Alliance’s with Alliance having financed 2 buildings for another family member that the borrower worked for previously.
Alliance was able to get the borrower into the property with just 5% down and the Seller holding another 5% thus allowing the borrower to maintain plenty of cash reserves.
Alliance was able to get an Alliance Lending Partner on board quickly, who is a Non-Bank SBA 504 Lender, as well as a CDC.
This loan was closed as an SBA 504 Loan.