MVP Interactive Purchases Real Estate for Growing Multi-Media Business
MVP Interactive Purchases Real Estate for Growing Multi-Media Business
"Running a business has no shortage of challenges under normal circumstances, so adding a global pandemic certainly does not help. However, when we saw an opportunity to purchase the ideal building for our business, Michael Hahn and his team made it possible. Their knowledge of SBA programs made the process seamless and provided a clear path to what was required for approvals. More importantly, 44 Business Capital demonstrated flexibility and understanding of what doing business in our current environment entails and worked with us as a partner to make our dream come true."
James Giglio, Founder CEOMVP Interactive | Philadelphia, PA
CHALLENGE
MVP Interactive is a young but fast-growing business providing technology to connect its customers' audiences with experiential solutions. A lot of lenders could not understand exactly what that meant or how their business gets procured and paid for, along with the seasonality and varied business cycles of this industry. That's when Mike Hahn and the 44 Business Capital team went out to see James Giglio and got to better understand his business and its trajectory. After meeting with James and his team and exploring the options to facilitate a long-term growth solution, 44 was able to structure a 94% project advance allowing them to purchase a new property, fund improvements to the space, consolidate high-interest rate debt and also provide a new revolving line of credit.
