Roll-Off Hauler Gets a Commercial Equipment Loan to Expand Business

COMPANY

Roll-Off Hauler

LOCATION

South

BACKGROUND

A roll-off business, owned by a husband and wife team, had revenue of $2M annually with less than 10 employees. 

With the help of CCG, they were able to more than double their revenue in less than 10 years, now employ over 40 people and continue to enjoy an excellent reputation in their city.

The company is now extremely profitable with virtually no debt, a strong balance sheet and a mid-7 figure balance in their bank account.

Wanting to purchase a new business, the company ran into a roadblock due to a weak balance sheet and limited credit capacity. They needed a financial partner to understand their vision of growth and present a solution.

SITUATION

Owner's Character Offsets Balance Sheet Deficiency

In early 2007, a CCG representative called on a small, local roll-off hauler and spoke to him about the company's vision to purchase a $1.4M rock crushing plant. The company's credit was clean but lacked a strong balance sheet and credit capacity. They couldn't find a bank willing to listen to their plans and understand their vision for growth. 

>> Download the case study here to learn more about how this company was able to increase their revenue and grow their business.

SOLUTION

Commercial Equipment Loan from CCG Helps Realize Their Vision

The CCG representative spent time with the owners and got to know them. CCG recognized the excellent character of the owners and understood their business and customized a commercial equipment loan that would help them purchase a portable crushing plant, which included a jaw and cone crusher, conveyors and generators. This opportunity helped the company take advantage of opportunities and grow.

This company is still a great customer more than 10 years later, and CCG has expanded their financing to include roll-off trucks, containers, compactors, machine tools, cutting shears, and an expansion of the existing rock crushing plant. The owners remain close friends with the CCG representative, referring to him as their "Money Man", and admit that they would not be where they are today without the services provided by Commercial Credit Group to help them expand their business. 

commercial equipment loan to benefit business

 

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