• $40 million revenue carpet installer was EBITDA negative due to poor operating expense controls
     
  • Its bank (a large national), encouraged it to find a new working capital lender
     
  • Veritas utilized the company’s real estate to provide additional advance in connection with the working capital line, allowing the bank to be fully repaid
     
  • Borrower kept its treasury management, personal wealth management, and LC issuance with the referring bank and remains a customer
     
  • Recently that bank refinanced the real estate via an SBA loan