| Borrower | Precision electronics / downhole instrumentation manufacturer |
| Property | Owner-occupied industrial facility |
| Location | Texas |
| Request | ~$500K–700K permanent loan, retiring an MCA from proceeds |
| Product | Owner-occupied commercial loan |
The problem
A previous lender declined after reading the company's website, where the product language suggested explosives. The company makes electronics, not explosives.
How we fixed it
We described accurately what the company makes and how its products are used, so underwriting assessed the real business. The loan was approved, with the merchant cash advance paid off from proceeds.
What happened next
A Phase I environmental report was added as a requirement days before closing, after the advance payoff figure changed. We cleared it and the loan closed.
What this means for you
How your business is described can decide an approval. If you were declined over industry, find out exactly what triggered it.
In a similar spot? Get soft numbers on your deal
Why this deal was hard
Each one links to a full guide on how it gets solved.
Anonymized; amounts may be rounded. Terms as issued by the lender.