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Long Island, New York, September 14, 2022 /PRNewswire/ — National Business Capital, a leading fintech marketplace offering small business loans and competitive financing options, has acquired Combined Securities. 11 million dollars In capital to support entrepreneurs who want to take their business to the next level
The client, an apparel wholesaler, supplies major retailers with many of the apparel and footwear they wear today, but cannot purchase their inventory quickly enough due to limited cash flow due to accelerated growth.
The supply chain issues that have plagued businesses since the outbreak are still evident today. All business owners have difficulty finding materials to meet the needs of their customers, especially in retail distribution.
Connecting with a vendor for products has become a needle in the haystack. Anyone who gets one needs to order quickly or risk losing it to another business in the industry, making the ability to access capital critical for entrepreneurs to stay competitive and win their business.
With the growth of the horizon, they had to get a large amount of capital to increase their purchasing power and meet the needs of their customers. They reached out to their bank and found that they were growing too fast in their credit capacity, so they came to National for a financing solution to sustain their growth.
National teamed up with their existing bank to grow them quickly and work together to achieve something different. 7 million dollars Credit institution revolving line, as well as more 4 million dollars Loan period. As a result of the collaboration, the customer was able to continue working with their bank, which prevented any disruption to their day-to-day operations.
Now, with their new facilities, our customers are positioned to reach a new level of purchasing power. This will help them to meet the needs of their customers, not to miss out on new revenue opportunities, and most importantly, support their continued growth in the clothing industry.
National team including CEO Joe CamberatoHe was instrumental in getting the deal across the finish line. “Especially in the current economic climate, it is not easy to get financing of this scale. This agreement was possible because of years of financial relationships,” says Camberato. “There’s a reason we have over 75 lenders on the platform. It’s not just about getting approved, it’s about finding the right lenders to support your growth.”
“I want to give a big shout out to my team. Our partnerships with lenders over the years shine here, but having a team of experienced finance professionals to support the transaction was more than a contributing factor to its success.” Camberato continues.
Nationwide, we have a lot of respect for successful entrepreneurs despite the tough times. Our customers have successfully navigated the pandemic and their respective lockdowns and are now able to grow even further. 11 million dollars in capital.
“Business is based on relationships, and financial relationships are one of the most important aspects in a rapidly changing economy. When you need financing, it’s more important than ever to work with a team that has the ability to bring you the right lenders. At the right time. If we don’t bring all the right people to the table and together If we didn’t do it, this deal would never have happened,” emphasized Camberato.
National Business Capital helps entrepreneurs get quick and fair funding to save time and foster sustainable growth.
Their stress-free online platform is designed for ease and speed, helping business owners go from application to approval in a matter of hours. And while we remain a leader in the fintech industry, our customers agree that what sets us apart is our personalized service and award-winning team.
From SBA loans to lines of credit, equipment financing and more, business owners can find all the different financing programs in one place. With their streamlined process, they helped keep their customers safe. 2 billion dollars Since 2007, in finance, and above all, they have helped entrepreneurs save enormous amounts of time and grow faster.
National security is guaranteed 2 billion dollars 25,000+ transactions in competitive financing since 2007. Their mission of “Driving Growth for All” is evident in all their work, from their colleagues and customers to their team members. Innovative technology and talented team members combine to create a business finance machine—one that is constantly evolving and seeking to improve the customer-centric process. Entrepreneurs have a friend, partner and funding partner in the national, regardless of the economic conditions in their area.
About the national business capital
National Business Capital is a highly rated fintech financial firm. Small business loan For small businesses in need of growth capital. National Business Capital streamlines the approval process by leveraging innovative technology and smart people power. 1 billion dollars In finance for small business owners to date. Its expert business financing advisors provide easy access to the best low-interest SBA loans, short- and long-term loans and commercial lines of credit in the 75+ lender marketplace. We strengthen local communities one small business loan at a time. For every deal we fund, we donate 10 meals to Feed America!
For more information, visit http://www.NationalBusinessCapital.com; email [email protected]Or call (888) 488-RACE.
Press contact
Lauren Coppolon
631-387-4163
Source National Business Capital
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