Construction - Paving and Landscaping
Founded in the early 1980’s, this company focuses on large, complex site work, utility, sidewalks and footings, paving and landscaping work for commercial and municipal projects. With a projected revenue of $40.0M they were profitable but experiencing seasonal income declines and facing a large tax lien.
Operating in a seasonal business is difficult, but when this company needed to refinance some equipment to bridge an income gap and pay off a tax lien, their bank informed the company they were exiting the equipment financing business and limiting their existing line of credit.
The bank’s decision was a change in corporate strategy, and the company needed a new lender to provide them with working capital to see them through their challenges.
They needed a lender that would:
CCG structured a loan that accomplished the following: