Day Care Center Owner Borrows $140,000 for Debt Consolidation and Working Capital
A day-care center business located in eastern Pennsylvania needed financing to consolidate business debt. Moreover, working capital was needed to purchase a new fire alarm system—one that would allow the owner to expand the business by increasing the number of children it could serve. The borrower’s bank was unable to fund the loan request due to past credit concerns. Oak Leaf Financial provided the bridge loan that allowed the borrower to increase revenue and resolve the business’ credit issues. One year later, the owner was able to refinance by securing an SBA loan.