How Our Fast Process Solved Delays for a Logistics Leader

When a logistics business operating in 48 states sought to acquire a new industrial and office property in Georgia, delays with their national bank jeopardized their timeline. After initially opting for a larger financial institution, they faced slow processes that almost derailed the deal. Our team stepped in, provided a term sheet within four days, and closed the loan in just 35 days from start to finish. Not only was the $4.33 million loan secured swiftly, but the client now trusts us for future funding, including a $1 million truck loan currently in progress.

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Introduction

Our client is a leading logistics and trucking company operating across 48 states. With a growing business, they needed to expand operations by acquiring a new industrial and office property in Georgia. This acquisition was critical to support their continued growth and operational efficiency. However, working with a national bank entangled them in slow loan approval processes, creating hurdles that put their business goals at risk.

The Problem

The client initially sought financing from a national bank where they had an established history, believing their loyalty would lead to a seamless process. However, this decision came with significant delays. The bank’s slow-moving approval process put their property acquisition timeline at risk, frustrating the client and their real estate agent. Time-sensitive opportunities such as this hinge on efficient and timely financing, and the client quickly found themselves in jeopardy of losing the property deal.

The Solution

We were introduced to the client through a referral from a realtor we had worked with previously. Although we initially provided a compelling term sheet through an SBA 504 loan within four days of receiving their documents, the client chose to continue with their national bank. Unfortunately, delays persisted with the larger institution, prompting the realtor to reach out 30 days later, frustrated and eager for our team to step in.

The Solution

We were introduced to the client through a referral from a realtor we had worked with previously. Although we initially provided a compelling term sheet through an SBA 504 loan within four days of receiving their documents, the client chose to continue with their national bank. Unfortunately, delays persisted with the larger institution, prompting the realtor to reach out 30 days later, frustrated and eager for our team to step in.

We re-engaged with the client immediately, streamlining the underwriting process and tailoring a solution specifically to their needs. With collaborative efforts, we finalized the approval and loan documents in just two days. Our team kept the process efficient and straightforward, leveraging in-house underwriting to eliminate roadblocks. From submission to closing, we successfully secured the $4.33 million loan in a mere 35 days, ensuring the client could proceed with their property acquisition without further disruptions.

Results

Accelerated Turnaround Time: Closed the loan in 35 days, setting an internal benchmark for quick loan approvals.
Tailored Financing: Secured a $4.33 million SBA 504 loan with just 10% down, enabling the client to acquire the property in Georgia efficiently.

Ongoing Partnership: The client was so satisfied with the process that they have returned to fund a $1 million truck loan, which is set to close next week.

Conclusion

This case underscores the importance of speed, expertise, and personalized solutions in the lending industry. For businesses like our client’s logistics company, where timelines are critical, our ability to pivot quickly and deliver results made all the difference.

The partnership didn’t just meet a one-time need; it fostered a long-term relationship built on trust and reliability. With future projects already underway, we look forward to supporting this client’s growth and helping other businesses achieve similar success.

Are you facing banking delays or planning your next big project? Explore how our team can help you secure timely and tailored financing solutions. Book a Consultation Today.