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: Logistics and Containment Company
Funding Amount: $3.7 Million
Proceeds used for: Allowed for the Stock Purchase of the company by a Key Employee. The solution included a $500,000 line of credit to help fund working capital. The complex transaction was able to be closed in 48 days.
Company Type: Skilled Nursing Facility
Funding Amount: $1.4 Million
Proceeds used for: The client was purchasing the Facility from Bankruptcy proceedings and Oxford Bank was able to close the complicated deal in 95 days. By closing so quickly the client was able to save/retain over 85 full time skilled positions in Lapeer County.
Company Type: International Wholesale Distributor
Funding Amount: $1.6 Million
Proceeds used for: Provided for a Balance Sheet Recapitalization that helped the client accommodate its current growth rate of over 200%. It included $580,000 in permanent working capital with a Borrower’s Equity injection of less than 10% of total project costs.
Company Type: Secondary Retail Sales
Funding Amount: $2.9 Million Building
Proceeds used for: $900k was used to refinance an owner-occupied building. $2 Million Line of Credit was provided for working capital needs due to expansion and growth.