$3,000,000
This networking company has been helping tech companies around the country over the last 50-years. They pride themselves on making better, stronger and safer products that help their customers.
This was a challenging transaction. The CFO could not find financing due to the equipment location, soft collateral and having a foreign parent. Most of their customers were located in Texas, Louisiana, and Mississippi so the property was spread out over three states. Mazuma was able to deliver an approval when the customer had been previously shot down.