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Vinyl Rocks Again - $2,187,000 SBA Loan for Acquisition of Record Products of America

"Dave Nayor and the team at 44 Business Capital were invaluable in providing the financing for the acquisition of Record Products of America. Their knowledge and preferred SBA lender status really made the process efficient and seamless. As a result of this SBA financing, which happens to be in the home state of SBA Administrator Linda McMahon, RPA will retain 17 full time positions and will be hiring new personnel with future growth. The next time you buy that Billy Joel, The Boss or CCR vinyl you will be happy to know that it was most likely pressed with a mold manufactured by workers right here in the U.S.A, in the state of Connecticut."

Joseph Helfrich
Record Products of America | Hamden CT


With the resurgence of the vinyl record industry, 44 Business Capital recently funded the acquisition of Record Products of America. RPA, based in Hamden, Connecticut is the last known vinyl die cast mold manufacturer in the United States. The challenge for 44 was understanding the longevity of the new wave of vinyl record consumers. Along with positive trends in record sales over the better part of the last decade, as well as sales of new equipment including record players with built-in features such as blue tooth connectivity, 44 was able to get comfortable with the resurgence in the music medium. In addition, 44 was able to see that not only were music listeners of all ages buying records, but generations who grew up with turntables have been drawn in by the nostalgia of spinning vinyl once again. The buyer of the 30+ year old tool and die company was veteran engineer Joseph Helfrich. Helfrich's engineering chops and management experience with companies such as Caterpillar and DTE Bodine helped establish his ability to grow RPA. 44 Business Capital is extremely happy to have partnered with Joe in his purchase and are confident in his ability to streamline operations and grow the company significantly. The acquisition and real estate purchase was financed with a combination of an SBA 7a term loan and an SBA Express revolving line of credit for ongoing operations.