PIC Group — News

News

Home
News

Explore our articles, case studies, and news releases to gain a deeper understanding of the ever-evolving financial landscape. At PIC Group, we are committed to sharing valuable content that can help you navigate your financial journey with confidence.

$1,800,000 - Purchase Industrial Property

Jaylynn Jackson / 2020-03-27

The Client was seeking to acquire a commercial/industrial property to move their trucking company into. We were able to secure financing with our private investors and an SBA 504 approval to facilitate 90% of the acquisition cost for the property.

$400,000 - Refinance Business Debt

Alexander Hoffman / 2020-03-27

The Client was seeking to refinance the existing business debt of their dental practice, along with fund improvements to the office. We were able to secure an SBA 7A loan approval to facilitate the refinance, along with fund improvements, equipment, and working capital for the business.

$1,319,254 - Hotel Acquisition

Zara Willis / 2020-03-02

The Client was seeking to purchase and rehab an old hotel property. We were able to secure an SBA 7A loan approval to facilitate the acquisition and funds needed to renovate the hotel.

$825,000 - Refinance Owner-Occupied Industrial Property

Jaylynn Jackson / 2020-02-10

The Client was seeking to refinance the existing mortgage debt on their owner-occupied industrial property, along with take cash out against the property to pay off other outstanding debt. We were able to secure financing at a reasonable rate with our private investors to facilitate the cash out refinance despite the client having only owned the building for about a year.

$452,000 - Refinance Business Acquisition Loan

Francesca Underwood / 2020-02-03

The Client was seeking to refinance the original seller note from their business franchise purchase. We were able to secure SBA 7A financing to facilitate the refinance of the seller's note, along with consolidating their other outstanding business debt into the same loan.

$201,300 - Refinance Investment Properties

Cindy Dalton / 2019-12-13

The Client was seeking to refinance the existing mortgages on two single-family investment properties they owned and get cash out above and beyond what was owed. We were able to secure financing with our private investors to facilitate the refinance, despite the Client being a citizen of another country.

$625,500 - Business Acquisition

Jaylynn Jackson / 2019-12-02

The Client was seeking to purchase an auto repair franchise business along with obtain some initial working capital for the business. We were able to secure an SBA 7A approval to meet the Client’s needs.

$877,500 - Construction Loan

Cindy Dalton / 2019-11-04

The Client was seeking financing to purchase and fund improvements to a mixed-use building they planned to occupy with their business. We were able to secure construction financing and an SBA 504 loan approval to facilitate the purchase and improvements and an attractive fixed rate.

$1,800,000 - Commercial Line of Credit

Jaylynn Jackson / 2019-10-28

The Client was seeking to refinance their existing line of credit, along with consolidate outstanding letters of credit and provide fresh working for their business. Despite the fact they lost money in 2018, they experienced a strong turn around in the second half of 2018 and the trailing 12 months and year to date supported the loan request. We were able to secure financing at an attractive rate to replace their existing line of credit with our private investors.

$4,000,000 - Equipment Term Loan

Francesca Underwood / 2019-10-28

The Client was seeking to refinance existing equipment debt, along with take additional cash out on equipment already owned to consolidate and pay down outstanding company debt and payables. We were able to secure a new equipment loan with our private investors at an attractive fixed rate to refinance and consolidate the majority of their existing debt.