Whitman Advisory Delivers SBA Refinancing Solution for Hospitality Business
Advisory Services
Funding Solutions
Whitman Advisory helped a Pennsylvania-based events and hospitality company secure $3.6 million in refinancing through a customized term loan and line of credit structure. The solution improved liquidity, stabilized the balance sheet, and provided the working capital needed to support the seasonality of the business.
Challenge
The company was operating within a banking relationship that no longer aligned with its needs. Existing SBA 7(a) and SBA Express loans had been termed out, while the bank was unable to provide an operating line of credit despite maintaining a first-position lien on all business assets. This left the business without access to flexible working capital during slower seasonal periods.
To bridge the gap, the company was forced to rely on an expensive unsecured loan, creating additional financial strain and limiting operational flexibility. Leadership needed a partner that could restructure the company’s debt and create a financing strategy built around the realities of the hospitality industry.
Solution
Whitman Advisory stepped in to lead the refinancing process and identify the right SBA lending partner for the business. Leveraging its experience with complex SBA refinancing structures, Whitman Advisory introduced the company to a lender capable of navigating the eligibility requirements surrounding existing SBA debt.
The team structured a $3.6 million refinancing package that included both a term loan and line of credit designed specifically to support the company’s seasonal cash flow cycles. Whitman Advisory remained actively involved throughout the process, ensuring the financing structure aligned with the company’s operational goals and long-term financial stability.
Outcome
The refinancing transformed the company’s capital structure and positioned the business for healthier long-term growth. With improved liquidity and access to the right working capital solution, the company is now properly capitalized to manage seasonality, operate more efficiently, and move forward with greater financial confidence. Whitman Advisory’s strategic approach not only resolved immediate banking challenges but also created a stronger financial foundation for the future.