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Debt Consolidation and Working Capital

“My husband and I own a small manufacturing company in Florida. We were seeking business growth capital and applied at several major banks, but no organization was able to close our funding. Then we met Ed Narozny at 44 Business Capital. 44 helped us through the process and we always knew the status as we moved towards our closing. The staff is thorough and answered any questions along the way and we now have secured capital to continue the growth of our business. We will contact 44 Business Capital in the future and will refer companies to Ed with enthusiasm!”

Vicki Abernathy, COO
AERE' Docking Solutions

CHALLENGE

Headquartered in Coral Springs, Florida, AERE' Docking Solutions are known worldwide for innovative products for the marine industry. In business since 1998, the Abernathy family were seeking a loan to consolidate high interest debt and also working capital to purchase additional inventory. In addition this loan would also help them to develop new products and manufacture some of their boat fenders in house.

The biggest challenge was that the business lacked tangible assets to secure a loan. 44 Business Capital was able to reduce their current debt payments and provide the money needed to take the business to the next level. The Abernathy family is now seeking to hire a veteran as their business grows.