United Structured Finance Company (USFC) was ranked as the number-one Small Business Administration (SBA) lender in Washtenaw, Livingston, and Lenawee Counties and number-three in the state of Michigan for the fiscal year ending September 30, 2011 (in SBA 7a dollars approved) based upon information provided by the SBA. We financed more than $30 million in projects and helped to originate over 30 transactions in Michigan.

These results continue to demonstrate our commitment to supporting the communities we serve by helping small businesses succeed and retain jobs here in Michigan.

A recent transaction we completed provided an opportunity for a borrower, who specializes in fiber coating processes and engineering consulting for industries such as automotive and aerospace, to grow their business and hire additional employees. In addition, they export about 70% of their products overseas.

The borrower asked for additional working capital due to nearly $5MM in increased business. Because of this request, their existing lender ordered an updated appraisal of their commercial real estate which showed a reduced value and the lender was no longer willing to work with the borrower and demanded full payment.

Payroll for this borrower was on Wednesdays, and we knew the proceeding Monday that if we weren’t able to put a solution together for them by then they would have to close their doors and almost 60 employees would suddenly be out of a job.

Not only did we refinance the borrowers existing debt but we added about $800,000 for the borrower to have available as additional working capital for their sales growth.

This is yet another exciting example of the things we are able to do for our borrowers and communities by using the SBA loan programs.

If you are looking for expertise and solutions that can help you in business expansion financing, business acquisition financing, debt restructuring or SBA financing programs, contact United Structured Finance Company today.

See how we have helped other small businesses grow and succeed.

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