THE CLIENT

Bringing authentic Italian flavors to the heart of Illinois since the 1990s, a beloved market and deli (also specializing in offsite careering) decided to cook up  something new. This family business’ expansion would be overseen by the children of the owner, who would be opening a smaller, yet just as delicious, version of the flagship spot under a brand-new LLC.

As renovations to a new property neared completion and the clients began to finalize preparations for the new location’s opening, they began to seek out financing for new refrigeration equipment.

THE CLIENT’S CHALLENGE

While the flagship market had been in business for decades, the clients wanted to finance under their new LLC without using the borrowing history of the main location. They needed competitive pricing and a quick turnaround time to meet their opening day deadline.

However, because the expansion would happen under this new LLC, the clients did not have the borrowing history needed for approval with most lenders.

THE APEX COMMERCIAL CAPITAL SOLUTION

$33,000 • Refrigeration equipment • Flexible credit underwriting

Fortunately, the client was working with a vendor that has a great equipment financing arrangement with Apex Commercial Capital. Our team of experienced and flexible credit professionals were able to review and underwrite the transaction without the borrowing history of the flagship location.

FINAL RESULTS

Working with Apex Commercial Capital, the clients were able to order and pre-fund their equipment, as well as set it up for delivery before their renovations were complete. Because Apex is willing to look beyond the numbers to see the full financial picture, this family-owned business can grow and thrive.

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