A Steel Fabrication Business in Need of a Loan

After a drop in demand from its energy clients and a change of ownership at its bank, a steel fabrication business suddenly found itself struggling. Big Shoulders Capital quickly provided a $3MM term loan alongside the existing lender’s mortgage and line of credit, providing a working capital injection to help the business get back on its feet. The company soon stabilized and was able to pay back the entire loan within just 12 months.

A Houston Metal Fabricator was at Risk of Failing, Until we put Them on our Shoulders.

With sales in a tailspin, the twenty-year-old minority-owned machining company couldn’t make their debt payments, and their bank called their loan in February 2017. Nearly the entire 30-person staff was laid off. Area banks refused to throw them a lifeline, wary of any company imperiled by the oil and gas market problems. They were on the brink of liquidation.

Then they called Big Shoulders Capital. Click here to view the case study.