Laser Equipment Sales and Rentals, Medical Industry
Laser Equipment Sales and Rentals, Medical Industry
“Phil Rapone and his team were great to deal with. During my search for a business to acquire, I met with a number of SBA experts and quickly determined that 44 Business Capital was the best choice. They were very responsive as well as creative and flexible with different structuring ideas to make the deal work. I highly recommend them.”
Jay Halbert, PresidentMedX Operating Company, LLC Malvern, PA
CHALLENGE
Jay Halbert is a graduate of the Wharton School of the University of Pennsylvania and New York University School of Law. After 15 years of executive management, and increasing levels of responsibility working for others, he had a desire to buy and operate his own business. After an exhaustive search he determined that MedX was an ideal target. Jay worked with Phil Rapone of 44 Business Capital for over six months in structuring the acquisition as well as the financing. The biggest challenge was that without real tangible assets a lender had to rely on Jay's business acumen and the historical cash flow of the business. Phil and 44 rolled up their sleeves and got under the hood to determine that this was a great opportunity with tremendous growth potential. Utilizing the SBA 7a program, 44 was able to structure a 10 year loan for Jay to acquire the business.
