Since 2010, Exponential Commercial Finance has helped hundreds of businesses and built some remarkable relationships clients in a variety of industries. Over the years, our financial solutions have provided a value to our clients that is second to none. Below are a few stories about some of the clients that we have helped. Would you like to see your business become one of our success stories? Contact Exponential Commercial Finance today to get started!
A Small Construction Company Lands a Big Deal
When banks turned them away, this construction company came to Exponential Commercial Finance to seek out an alternative financing strategy for the purchase of four new dump trucks. In the construction industry today, many projects are fueled by small businesses that need working capital and equipment to keep up with the ever-increasing demand of new developments and construction opportunities. Our client came to us with a major challenge: he had an extremely low personal credit score and could not get financing through other sources such as his bank or credit union. He also had several tax liens on his credit report. With our collateral heavy equipment financing program, we were able to use his free and clear equipment to secure $200,000 to acquire four dump trucks for a new contract he landed to earn more business.
A New Chiropractic Office in Dire Need of Equipment
Starting up a new healthcare practice can be quite challenging. Not only did the healthcare provider need to make investments in staff, marketing, or find an office space—he also needed to consider what type of medical equipment they could acquire to get started. With just a matter of weeks before the grand opening of his new office, our equipment leasing program helped this client secure $40,000 worth of used medical equipment.
A Real Estate Investor Fix and Flips
Everyone knows that you have to act fast when investing in real estate. Traditional banks can be slow and cumbersome to deal with, and our client simply didn’t have time to waste. We issued a proof of funds letter for $250,000 the moment our client’s target property hit the market. In a matter of 10 days were able to close on this property with our fix and flip loan program. Our client was able to get the property and have money built into the loan to complete the rehab. When it was all said and done, our client sold this property for $375,000. He has since come back to us for every fix and flip deal that he needs funding for.
A Florist Ramps up for Valentine’s Day
With Valentine’s Day right around the corner, this time of year is like Black Friday for a florist. After unsuccessfully trying to obtain a line of credit from her bank, our client came to us seeking some quick working capital in order to ramp up inventory for Valentine’s Day. We were able to put $40,000 in her bank account in just three days with our business cash advance program.
A Truck Driver That Was Sick and Tired of Being Sick and Tired
The life of a truck driver can be exciting, but it can be tiring and frustrating when your long days of hard work are lining someone else’s pockets. Our client had been driving for years while only reaping minimum financial benefits. He came to us trying to learn about his options for owning his own truck. We were able to get him $50,000 to purchase a 2015 Freightliner with our semi-truck and trailer financing program.
A Small Oil and Gas Company Looking to Compete With the Big Boys
The oil and gas industry is pretty competitive and generally dominated by the industry leaders. Our client was the owner of an up-and-coming company that was just trying break through in the game and found it to be extremely tough, especially since they were strapped for cash. We were able to quickly provide them with $150,000 through our accounts receivable financing program. The company’s positive revenue was tied up in outstanding invoices, and this prevented them from growing and bidding on new contracts. The financing we provided allowed them to confidently take on new business without the fear of a cash flow deficit.
Health and Fitness is a Way of Life for This Franchise
After being awarded a franchise of popular 24/7 fitness center, this client was in the phase in which she was looking to complete the buildout of the fitness center. The franchise required her to purchase the equipment and buildout from their vendors, and of course, the vendors tried to set her up with their in-house financing. While this certainly sounds convenient, the problem with this practice is that the vendor is both the supplier and the financier, meaning that they’re making even more money off of their financial solutions. We were able to get her approved with our SBA loan program for $382,000 with a much lower down payment and a 10-year term. Our financing solution significantly lowered her monthly payments and allowed her to focus on additional investments for her business.
Are you ready to turn your business into one of our success stories? Whether you need working capital for your small business or a fix and flip loan, we’re here to help you make your dreams a reality. Getting started is easy, and we’ll provide you with everything you need in order to make a smart and informed decision. Don’t wait to secure the funding you need—contact Exponential Commercial Finance today!