$1.7M EQUIPMENT LOAN

$1.7M EQUIPMENT LOAN
$1.7M EQUIPMENT LOAN

$1.7M EQUIPMENT LOAN
$1.7M EQUIPMENT LOAN

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PROJECT INFO

$1,700,000
SBA 7A Loan
Manufacturing Facility
Canton, OH

PROJECT DETAILS

V3 Lending successfully closed a $1,700,000 SBA 7A loan for a composites manufacturing facility in Canton, OH to refinance 25 equipment loans and a line of credit into one loan. V3 Lending was able to structure a loan on a 10 year term at a lower interest rate which saved the client over $450,000 a year in interest expenses.

Closed Transaction