How Whitman Advisory Helped a Commercial Painting Company Secure Construction Financing for Long-Term Growth
Advisory Services
Funding Solutions
A New York-based commercial and industrial painting company secured $4.5 million in construction financing after facing challenges with its existing banking relationship. By refinancing with the right lender, Whitman Funding Solutions helped the company strengthen its financial position and create a foundation for continued growth.
Challenge
Solution
Whitman Funding Solutions worked closely with the company to identify a construction-focused banking partner that understood the unique financial structure and bonding requirements of the industry. Whitman secured a refinancing solution that included a $3.2 million term loan and a $1.3 million operating line of credit. By partnering with a lender experienced in construction financing, the company established a banking relationship designed to support long-term operational stability and growth.
Outcome
The refinancing provided the company with improved financial flexibility, a stronger banking relationship, and the stability needed to continue growing its operations. With the right construction lending structure in place, the business is now positioned to maintain momentum and confidently pursue future opportunities.
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As we were looking for new ways to maintain and grow our business, we reached out to Whitman Funding Solutions for assistance. Cristine O’Keefe, the managing director, played a vital role in obtaining and securing a new banking outlet that will enable us to maintain and grow our business for many years.