Worth Avenue Capital closes $200,000 loan

Worth Avenue Capital, LLC (WAC) closed a $200,000 commercial loan for a small manufacturing company. The loan proceeds were used by the company for working capital purposes and the loan was funded by a Connecticut-based community bank. WAC was able to secure a loan commitment very quickly from the bank that closed the transaction. In addition to obtaining the financing in a rapid manner, WAC further assisted its client by helping to negotiate an interest rate of 4.75% for this long-term loan ensuring that the company will enjoy the benefits of maintaining inexpensive debt capital on its balance sheet for an extended period.