If your bank is telling you no, we’ll tell you yes.
It was time to expand operations. Their products are baked on-site daily, made by hand using only fresh local ingredients that are purchased locally and in small quantities to ensure quality and excellence. This expansion will allow them to set up an additional production location as they have outgrown their current building to serve and expand their high demand.
CSB provided a commercial mortgage for the building acquisition as well as enhanced and automated production equipment financing. Our support will help them put their amazing products on the shelves of a wider variety of retail outlets across the state of Michigan, and eventually the entire Midwest. We look forward to providing working capital and additional acquisition financing as the enterprise continues to grow and flourish.
After spending time to develop a personal relationship with both the seller and key employee as well as gaining a full understanding of the Company’s business model, competitive market advantage and leadership principles, CSB was able to offer a creative financial structure to facilitate the ownership transition.
The financing solution provided the immediate cash to the seller as desired and allowed the key employee to reach his vision of entrepreneurship and business ownership.