Orlando, Fla. /Tuscaloosa, Ala. -- The Orlando office of Richmond-based Transact AOCP recently arranged a $6 million loan agreement for Coral Industries, Inc. of Tuscaloosa, Ala. by a multi-year debt facility provided by TAB Bank.
Jonathan Molayem, vice president of Transact AOCP in Orlando, served as financial advisor to Coral Industries in the transaction, working closely with Ogden, Utah-based TAB Bank to set up a customized lending facility for Coral Industries.
“We are seeing more evidence that lenders are willing and able to finance growth and expansion of mid-market industrial enterprises,” Molayem said. “This is a strong sign for our economy and it is especially good for the more than 300 workers currently at Coral Industries and all the additional workers the company will hire,” he continued.
Grant McAllister, executive vice president and chief financial officer of Coral Industries noted the added value working with Transact AOCP. “I felt like they were genuinely interested in our business and that we both shared the same goal to find the best fit for our capital needs. Transact AOCP’s knowledge and experience helped us accomplish that goal."
About Transact AOCP
Transact AOCP is a nationwide boutique mergers and acquisitions advisory firm focusing on the needs of small privately held companies with less than $100 million in revenues. With extensive experience in owning, running, or investing in private companies or divisions of public companies, the firm’s principals are able to help many business owners exit their companies or explore other opportunities.
To learn more about this transaction and others, please call Jonathan Molayem 407-792-5451 or e-mail jmolayem@transactaocp.com. You may also contact Transact AOCP’s Richmond headquarters at 804-323-6868 or visit www.transactaocp.com. Securities transaction conducted through Alpha Omega Capital Securities LLC. Member FINRA and SIPC.
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