In August, Credit Cash provided over $4 million in new fundings. This represents 6 new clients whose combined sales are over $100 million. Among the notable transactions was a restaurant chain in the Southeast with over 20 locations who borrowed $1.2 million for renovations. The deal was closed within 10 days. Another relationship began when…Read more
New Jersey home heating oil distributor was in need of additional working capital.
A second warm winter in a row caused stress on the company's already thin margins. They were rich in assets, low on cash and facing the slow summer months. Thanks to the Credit Cash's low financing costs they could afford to borrow $1,300,000 to get through the season.Read more
A casual sports grill borrows funds from Credit Cash rather than give up equity.
This 10 unit restaurant group, based in Minnesota, was funded $400,000 to help expand into another location. Rather than seeking additional investors for their expansion, this chain realized they could grow their business without giving up equity by taking advantage of the low financing rates of Credit Cash.Read more
New York health studio takes advantage of an opportunity to enter the exercise apparel business.
Their bank was not willing to add on to their existing loan. Rather than let a competitor take advantage of the opportunity Credit Cash agreed to come in as a subordinated loan to the bank. The deal was closed within a week and the apparel line was introduced on time.Read more