Monthly Archives: June 2024

Creative Solutions with Combo Loans Over $5MM Nationwide

Posted on June 21, 2024 by Ellen Neri

When our business development officers work with borrowers about financing their small business, on occasion, the acquisition amount is over $5MM. Today, as Berkshire Bank’s national SBA lending division, 44 Business Capital can structure an SBA plus conventional loan for … Read More »

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Team 44 Volunteers at Variety Phila as part of Xtraordinary Day of Service

Posted on June 21, 2024 by Ellen Neri

Team 44 Business Capital, the nationwide SBA lending division of Berkshire Bank, volunteered with Variety, the Children’s Charity of the Greater Delaware Valley in Norristown, PA. More than 1,000 Berkshire Bank employees rolled up their sleeves on June 13 and … Read More »

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OUR BORROWERS SAY IT BEST

$800,000 SBA Loan for Quality Auto Repair in New Jersey

Funding Ownership for Auto Repair Shop

Combo Financing with $5,000,000 SBA 7a plus $1,410,000 Conventional Loan

Creative Solutions for Business Acquisition in Bucks County Pennsylvania

$1,650,000 for Business Acquisition with Real Estate

Funding Ownership for Established Business
$1,655,000 loan with $200,000 LOC for Fire Pump Control Systems Company

Funding Ownership for Long Time Operations Manager

$1,865,000 SBA Loan for Warehouse/Office Building

Fitness Owner purchases Orlando CRE

$1,665,000 plus a $300,000 LOC for Business Acquisition in Houston, Texas

Navigating the SBA Business Acquisition Financing Process
$1,528,000 Loan for RV Park, Commercial Real Estate Debt Refinance and Expansion

Funding Expansion for Veteran in Oklahoma

A Fully Funded $5,000,000 SBA Loan for Stock Redemption Deal

Partner Buyout of GOES Heating Systems, Houston, Texas

$873,000 + $50,000 LOC for Purchase of Tool Company in Illinois

Lining up the pieces to close business acquisition in Batavia, IL
$1.77M SBA Loan to Acquire an Existing Natural Food Market in Sayville, NY

Funding ownership for long time market manager

Centenario Sport Bar and Restaurant Opens Second Location

Financing for Real Estate, Liquor License, Renovation

Dre's Water Ice and Ice Cream Funds Short-Term Growth

Philadelphia Entrepreneur finances $150,000 for Equipment and Working Capital
$3,822,000 to Purchase Palace Diner in Poughkeepsie, New York

Unwavering Support leads to Sound Financing

$1,484,000 to Finance Bowling Alley Entertainment Center

Family Purchases and Renovates Hometown Bowling Alley in Pittsfield, MA

$745,000 SBA Loan to Acquire Painting Business in New York

A Dream of Owning and Operating a Small Business Comes True
$1,403,000 SBA Loan to Purchase Liquor Store

Business Partners Acquire Retail Liquor Store in Orlando, Florida

$2.8MM 7a Term Loan + $350K SBA Express LOC for Surgical Instrument Company

Funding the acquisition of MSI Precision Specialty Instruments in Phoenixville, PA

$1,212,000 to Acquire Funeral Home & Cremation Business

Purchasing Mack's Funeral Home in Elberton & Hartwell, Georgia
$1,000,000 for Business Acquisition and Stock Purchase of Security Business

Miami-based Entrepreneur realizes Dream of Small Business Ownership

$1,905,000 Loan for Acquisition of Boutique Inn in Bennington, Vermont

An Elegant Lodging Experience in the Historic District of Old Bennington

SBA Loan to purchase Kiddie Academy Day Care in West Caldwell, NJ

$1,364,000 to acquire an Existing Daycare Center
$1,484,000 to Finance the Acquisition of Colorado's last remaining Music-Retail Icon

Legendary Denver Record Store Changes Hands after 33 Years

$1,310,000 Loan for Real Estate and Working Capital

Training Future Equestrian Competitors in Geneva, Florida

Financing for Funeral Home Business with Real Estate in Chalfont, PA

Owning a Small Business Becomes a Reality with SBA Loan and Manageable Payment Plan
$1,568,000 to Refinance Winning Touch Tennis Club

Lehigh Valley Tennis Club Owners Refinance Existing Mortgage Debt

$2,100,000 Loan for Commercial Real Estate Land Purchase, Building Construction with all Associated Costs

Securing Financing for Premier Ivybrook Academy Preschool Franchise

$680,000 Loan for Construction, Equipment and Working Capital for Boutique Fitness and Wellness Studio

Londonderry, NH Studio Opens Creating Community & Inspiring Health and Personal Growth
$3,200,000 SBA Loan plus $200,000 Line of Credit for Business Acquisition & Commercial Real Estate

New Owners purchase 40 Year-Old Second Generation Building Supply Company in Industry, TX

$795,000 SBA Loan for the Acquisition and Fit-Out of New Dance Studio

On Edge Movement Dance Opens Newly Renovated Studio in Phoenixville, Pennsylvania

$1,130,000 SBA Loan to Purchase Tri-County Pavers and Design Corporation

Florida Couple Purchases South Florida Paver, Driveway, Pool Deck, and Retaining Wall Provider
Mental Health Services Provider expands with SBA Loan Securing Working Capital and Fit-out Financing

Omni Health Grows Business with Purchase and Retrofit of New Mental Health Facility in Pennsylvania

SBA Loan for Experiential Solutions Company to Purchase New Property

MVP Interactive Expands with Philadelphia Real Estate Purchase and Space Improvements

After leasing for 15 years Cora and Frederick Reed now own the facility with room to grow

Award Winning Outreach Organization purchases their facility in Wilmington, Delaware
Financing for Real Estate and Business Purchase of Destination Hot Dog Joint

First Time Business Owners Buy 50-Year-Old Hot Dog Institution

$3,010,000 SBA Loan to Purchase Certified and Private Home Health Care Service in New England

Financing for Stock Purchase and Employee Buy Out of Full Service Home Care Agency

Southampton, NY Restaurant owner purchases building

$5MM SBA Loan to Buy Real Estate for Existing Restaurant Business
$4,300,000 SBA loan for Real Estate and Improvements

Family Owned Day Care in Clifton, NJ now Own their Real Estate

$1MM Loan for Lake John RV Resort in Walden CO

Dreaming of an Outdoor Business with Fishing, Camping and Hiking

$1,105,000 SBA Loan to Acquire the Real Estate, Liquor License & Business to Open Inn at Glen Gardner

A Reimagined 1760's Inn Features New Ownership and Chef with a Scratch-Kitchen of Elevated American Cuisine
Commercial Painting and Drywall Company Owner Acquires Commercial HVAC Business

Financing New Jersey Business with $2,950,000 term loan & $350,000 SBA Express LOC

$600,000 SBA Loan to Finance the Acquisition of a Second Blackjack Pizza Shop in Colorado

US Veteran Secures Financing for Small Business Where He Worked as a Teen

$552,500 SBA Loan for First time Business Owner

Serving a critical role in the local economy in a highly seasonal area that relies on both local and tourism traffic.
Brandywine Center for Autism Opens New Location with Property Purchase

New facility features collaborative work spaces and two levels of individual therapy rooms and customized sensory areas

Veteran-owned business dedicated to hiring veterans, veteran spouses, guard and reserve personnel

Project Management Experts become their own Landlord with Financing for Commercial Real Estate

The Law Office of Denise D. Nordheimer, Esquire Expands

Law Practice Opens a Second Location in Milton, Delaware
Vision of Owning Their Own Kennel Business is Realized

Long-Time Former Pet Groomers head into Retirement

$963,000 SBA Loan for Southern New Hampshire Home Care Business

Navigating the Acquisition of a New England Small Business

$1,450,000 SBA Loan and Line of Credit

Sound Financing for Engineering Manufacturer in New Jersey
$1,206,000 SBA Loan to Out-of-State Couple for Camping on the Battenkill Purchase

New small business owners acquire 35-acre campground in the Arlington, Vermont area.

$320,000 SBA Loan for Commercial Real Estate for Small Business Startup

North Arlington, NJ gets a New Pet Hotel

$1,285,000 Loan to Finance Taphouse in Phoenixville, PA

Co-Owner's Dream of Opening Sedona Taphouse Comes True
$1,025,000 SBA Loan to Majestic Heli Ski to Purchase Majestic Valley Lodge to Accommodate Winter Skiing Guests

Alaska's Heli Ski Business purchases Majestic Valley Lodge

$2,675,000 SBA Loan to Denver Area Baker to Purchase Business

44 Business Capital funds acquisition of Wholesale Bakery

Rapidly expanding Roofing & Siding Company outgrows leased space

$1,267,000 SBA Loan for Real Estate Purchase
SBA Loan and Line of Credit funds Hilton Bus Company Purchase

Partners business opportunity in Delaware is financed with SBA loan - acquisition shows immediate profitability

Colorado Native Opens New Dental Office in the same Neighborhood

$351,000 Loan to Open New Office in Englewood, CO

Philly's Local Food Favorite - The Good Dog Bar Gets a Face Lift

$2,200,000 SBA Loan to Heather Gleason & Dave Garry for Debt Refinance/Partner Buyout/Renovation
$2,187,000 SBA Loan for Acquisition of Record Products of America

With the resurgence of the vinyl record Industry, 17 jobs preserved in Connecticut

$550,000 SBA Loan & $100,000 line of credit expands Empowered Yoga

Empowered Yoga, Wilmington DE expands business with a new studio and retains loyal following

Operations Manager to President & Owner of Alliance Custom Cabinetry

$1,500,000 SBA Loan for Lancaster County Business and Real Estate Acquisition
Dr. Missy Bergmaier Opens Phoenixville Pediatric Dentistry

44 Business Capital encouraged my dream of owning my own practice

$1,180,000 SBA Loan for Franchise Motel

Motel 6 is a Popular Lodging Choice for Arts & Folk Festival Visitors in Berea, Ky

$355,000 SBA Loan for a Helicopter

Helicopter Tour Company in Central Pennsylvania and Wildwood, New Jersey.
$2,260,000 SBA Loan to Acquire Business & Real Estate Purchase plus Working Capital in LBI

Terrace Tavern & Delaware Avenue Oyster House Stay in the Family

$1,200,000 SBA Loan for Construction and Financing Food Store

Save-A-Lot Food Stores, Frostproof, Florida

Business Acquisition with Real Estate and Working Capital

Purchase Spring House Window & Door in Spring House, PA
$1,050,000 SBA Loan for Build-out and Start-up of Leased Facility for Cosmetology School

Successful Entrepreneurs Realize their Dream in Collegeville, PA

PA Gov. Visits Jyoti Foods after $1,800,000 SBA Loan

Adds Ten New Jobs

Full Refinance of Existing Loans

Aspire Health Care Group, Harrisburg, PA
Robson Industries Manufacturer,West Chester PA - $1,520,000 Loan

Merrick Towle Communications $2,850,000 Loan

$11.8 MM Financing Real Estate Purchase Bensalem, PA
Veteran's $325,000 Loan for Flooring Co.

$3,975,000 Loan Siepser Laser Eyecare

Wayne & Plymouth Meeting, PA

$550,000 Loan for Child Care Franchise

Mike & Michele McKenna, Owners