As a community bank, we take great pride in being able to help local businesses thrive. With our competitive-rate business loans, we've been able to help several businesses throughout the area achieve even greater success. See some highlights below.
If you're a business owner in need of financing, please reach out to us to find out how we can help!
Company Type: In Store Merchandise Display Systems Company
Funding Amount: $2.2 Million
Proceeds used for: Included a SBA Loan to help recapitalize the client’s balance sheet, and a line of credit for working capital. This structure provided $1.2 Million in growth capital and over $9,000 in debt payment relief.
Company Type: Aerospace Tooling Company
Funding Amount: $1.3 Million
Proceeds used for: The client was able to purchase the building they are located in and refinance existing debt. In addition, this financing structure will allow the client to provide more flexible payment terms for its clients. Also the SBA loan structure will improve the client’s cash flow by more than $200k per year.
Company Type: Heavy Hauling and Logistics Company
Funding Amount: $4 Million
Proceeds used for: Provided financing for a 4.7 acre trucking terminal so the client could expand operations. The structured financing included both fixed and adjustable rate mortgage loans.
Company Type: Medical Products Wholesaler
Funding Amount: $4.75 Million
Proceeds used for: Oxford Bank was able to provide funds for a partner buyout and at the same time include a $1 Million working capital line of credit to help with the transition and day to day operations.
Company Type: Equipment Rental and Leasing Company
Funding Amount: $1.9 Million
Proceeds used for: Assisted with the acquisition of the company and provide for a smooth transition for the new ownership. This will allow the client to provide more flexible terms to their customers.
Company Type: Commercial Machine Service and Supply Company
Funding Amount: $1.5 Million
Proceeds used for: Consolidated and refinanced the client existing debt. The structure provided annual cash flow relief of more than $200,000, and allowed the client to pursue several recently awarded Domestic and International Opportunities.
Company Type: Machine Tool Contractor
Funding Amount: $750,000
Proceeds used for: Provided recapitalization of existing debt that will help the client adequately manage triple digit growth. In addition, this transaction will release our client’s dependency on expensive, private party financing.