BoeFly is happy to announce that an SBA loan for $1.6 million for a hydro electric machine company in need of working capital was recently closed through a connection made by BoeFly.
Business owner; Brad Abel states “I wanted a true professional to help me obtain the financing I needed for my business. Broker Chris Miller quickly helped me secure financing through a bank in Illinois.”
Chris Miller; President of Evergreen Equity Partners LLC, had made it a point to post the financing request on BoeFly, of which he was a loyal user for many years and knew Abel would be able to find a lender willing to fund his working capital needs on the online platform.
“BoeFly was the key to getting Abel the working capital he needed for his company; Michaels Machine, a precision turning machine shop.” said Miller.
Using BoeFly allowed Abel’s financing request to have a broad exposure to more than 3,000 lenders from all over the country, 10 of which asked for the details on the loan package within the first few days!
Abel ended up choosing to work with Ridgestone Bank in Illinois, who were able to loan the $1.6 million in working capital for Abel’s company.
“We take such great pride in knowing that through BoeFly, another small business owner has connected with a lender and obtained financing,” said Mike Rozman, Co-president of BoeFly.
Knowing how difficult and time consuming requesting and applying for a loan can be, BoeFly takes pride in simplifying the process to make obtaining business loans more efficient for borrower, brokers, and lenders.
Read The Full Press Release Here: Racine, WI Company Secures $1.6 Million in Financing using BoeFly
Want to learn more about how BoeFly can help your business obtain the funding it needs to operate & grow? See here!