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Expanding into New Markets with SBA Financing

“It took a lot of work to pull all the necessary paperwork together for my loan application but Debbie Godt at 44 Business Capital was like the coach you had when you didn't think you could do it, she pushed you through it to win! Ever since that win you would tell people you couldn't do it without that special coach. Debbie is that person and my businesses are better with her guidance.”

Peter Cafiero, President
Quaker Mechanical | Cinnaminson, NJ

CHALLENGE

Peter Cafiero, who owns a Commercial Painting and Drywall company, wanted to expand into the Commercial HVAC market. He identified Quaker Mechanical as the perfect company to acquire, however due to the high purchase price and lack of collateral (this was predominantly a business acquisition loan), it was difficult to obtain financing for the acquisition. 44 Business Capital was able to finance the acquisition and Line of Credit through the SBA 7(a) program with minimal injection and a seller note.