Flatbay Capital Provides .5 Million CRE Financing for Texas Distributor

Flatbay Capital Provides Vital Support for Texas-Based Industrial Distributor Amidst Recovery

Flatbay Capital recently highlighted its role in supporting a renowned Texas-based distributor of industrial and maritime products, a family-owned business that has built a solid reputation since its inception in 1963. The distributor has played a key role in the supply chain of various national and global manufacturers, establishing itself as a significant player in the industry. Known for its diverse range and high-quality products, it stands out as one of the leading distribution firms in its sector.

Challenges Amid Recovery

The COVID-19 pandemic brought unprecedented challenges for many businesses, and this family-run distributor was no exception. The situation escalated as the business navigated the hurdles of shutdowns, significant price increases, and the unfortunate necessity for the company’s patriarch to step back due to health concerns. In a further blow to their operations, an electrical fire severely impacted the company’s warehouse, threatening their ability to continue serving clients effectively.

In the face of these adversities, the family demonstrated resilience and unity. They proactively focused on marketing efforts and undertook renovations to their property, ultimately setting the stage for gradual recovery. However, as 2024 approached, the distributor recognized the urgent need to enhance its existing credit facility to facilitate further growth and sustainability. Unfortunately, due to fluctuations in historical financial performance during the pandemic, traditional bank financing options were not viable.

Innovative Financial Solutions

Addressing the financial hurdles faced by the business, Amegy Bank directed the distributor to Flatbay Capital, specifically to Business Development Officer Vivian Thompson. Recognizing the unique circumstances surrounding the family-owned enterprise, Flatbay Capital swiftly formulated a comprehensive financial solution.

The partnership culminated in the allocation of a .5 million commercial real estate line of credit. This funding not only allowed the distributor to pay off existing obligations but also provided vital working capital necessary for operational needs. Vivian Thompson expressed her commitment to supporting businesses like this one, stating, “We were created to help companies such as this: a family business legacy established over 60 years ago in need of additional capital to ensure the next 60 years of growth, innovation, and success.” She further emphasized her gratitude for the collaboration with Amegy Bank and the successful facilitation of a meaningful solution.

Looking ahead, the partnership between Flatbay Capital and the distributor holds the promise of a substantial turnaround in the coming years. This case serves as a testament to the potential of adaptable financial strategies in fostering resilience and continuity within family-owned businesses facing unprecedented challenges. For further insights into Flatbay Capital’s offerings, visit their website here, where they specialize in non-bank commercial real estate loans and lines of credit starting at million, secured against owner-occupied commercial properties.