Mile Marker Business and Consulting Services, LLC provides Underwriting and Analytical Review for successful $5 Million SBA 7A Guarantee
In July 2017, Mile Marker Business and Consulting Services, LLC provided a huge boost to the financing efforts of a recent Ohio Transportation Company acquisition. The acquisition involving a longtime, solid performing acquisition target held several unique and complex characteristics that could best be identified as “Cash flow solid, but asset poor”; an opportunity well suited for the assistance of the Small Business Administration (SBA) 7A Guarantee Program.
Mile Marker President David Alexander was engaged by the finance team because of his extensive background in commercial banking, and public financing support programs like the SBA. “Underwriting in this era of banking can often have a perilous road to travel,” said Alexander. “Banks have well-developed risk models that block and tackle in their underwriting efforts, but all too often, a few issues can create a huge chasm between your company and an approval. Creative thinking is a must, and the finance team was on top of this. The SBA provides a great opportunity for meeting these challenges. Prudent use of the 7A Program, a strong leadership driven finance team, and bringing in a former commercial banker to assist in understanding banking requirements and terminology can be key to success!”.
With support of Mile Marker, the finance team initiated underwriting, developed a model that matched up the buyer and acquisition target’s strong qualities with the SBA’s criteria, while strategically aligning the new company’s best qualities, practices, and management strengths with acceptable banking approval criteria. The end result was an approval, a closing, and a positive outcome/future for the new Owner, Seller, and Transportation Company.
Mile Marker Business and Consulting Services, LLC provides a wide array of business support, consulting, and financing services. The goal is to address real problems, overcome distractions, and provide real solutions that help owners and their companies prosper and grow!
Do you have a financing need? Are there problems in your company that cause you mental anguish? A good place to stop and assess the situation is the Mile Marker! Let’ start a conversation!