Family Purchases a Dog Kennel Business with Property in Newark, Delaware
Family Purchases a Dog Kennel Business with Property in Newark, Delaware
“Michael Hahn and the rest of the team at 44 Business Capital were able to look past the challenges and uniqueness of our loan and saw the opportunities that we saw instead. They saw our vision and worked every angle to not only give us the loan we needed, but the opportunity to live the life we wanted. We will forever be grateful for their patience, guidance and perseverance through this process."
Erin & Casey Guerke, OwnersBellawood Kennels | Newark DE
CHALLENGE
Erin and Casey Guerke wanted to fulfill their dream of owning their own dog kennel and grooming business for years. After finding a kennel that had potential, but needed some new energy, they tried to secure funding for the purchase and ramp-up of this unique business. After hearing "no" from multiple banks due to its' projection-based nature, very specific-use property type and a limited equity injection, they were introduced to Mike Hahn of 44 Business Capital. 44's team spent time listening to these very passionate operators and the plans they had to grow this business to its fullest potential. 44 was able to look past the obvious risks and structure a loan solution that enabled them to take advantage of this exciting endeavor, while also allowing the long-time former owners to set off into retirement.
