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First Time Small Business Owners Purchase Building Supply Company in Industry, TX

"The 44 Business Capital Team assisted us with acquiring a small business, our first experience with this type of deal and transaction. James Stolt and LaKeisha Seaborne were critical members of our overall team to get the deal initiated and closed. James was extremely helpful and available throughout the process, from deal review and structure, lots of Q&A as new business owners, and a few times convincing us things were OK, on track, and don't sweat the small stuff. LaKeisha kept us informed and on track regarding required information and documentation and the timeline. Our closing was smooth and fast. We would highly recommend 44 Business Capital for your business needs and if the opportunity develops to grow our business through another acquisition, we will definitely work with the 44 Business Capital team!"

Vernonica Williams, Owner
P&S Building Supply | Industry, TX

CHALLENGE

As first time small business buyers, the borrowers had no direct industry experience and no knowledge of SBA deal structuring. Additionally, the business is located in Texas, a homestead state where a primary residence may not be pledged as collateral. With great transferrable skills like corporate leadership, bookkeeping, management, and P & L experience, 44 Business Capital was able to structure an SBA loan plus an additional line of credit. Vernonica Williams will run the day-to-day operation with the goal of bringing the company into the 20th century with streamlined processes and digital marketing and social media.