Allied Pro Drywall
Company: Allied Pro Drywall, LLC dba Crossroads Drywall (“Company”)
Financing Amount: $1,230,000
Financing Structure: $500,000 Bridge Loan, $730,000 SBA Term Loan
Financing Date: April 7, 2023
About the Company
Allied Pro Drywall, LLC dba Crossroads Drywall (“Crossroads” or the “Company”) is a local specialized drywall contractor partnering with residential contractors and homeowners in the greater DFW Metroplex. Launched in 2008 with an intentional purpose of focusing on the needs of their customers, Crossroads Drywall has earned a reputation of providing quality, integral, affordable solutions to the new residential construction market.
Crossroads Drywall prides itself on relationships built with their clients, with over 90% of their business being repeat or referral. Crossroads’ mindset is that the customer comes first. They partner with residential builders to meet and exceed their expectations and that of the homeowner. Crossroads Drywall has a highly skilled staff of experienced, knowledgeable employees, contractors and suppliers to deliver exceptional quality. When they partner with you, they commit to meet and exceed your expectations and strive to develop a long-term relationship grounded in value and trust.
Situation
Crossroads approached Alantes Corporate Finance as they were starting to get into a cash crunch with some of their higher cost debt. In order to not halt operations and smoothly transition from high priced financing into a more stable facility, the Company needed a financing structure that would provide them with both short term working capital along with the follow-up piece that would transition them into a more long-term position.
Solution
This landmark transaction positions Allied Pro Drywall for enhanced expansion opportunities, bolstering its capabilities and service offerings in the construction industry. The $500,000 Bridge Loan provided immediate capital for the Company’s pressing needs, while the $730,000 Small Business Administration Term Loan ensured low cost financing and stability for long-term success. Reflecting on this achievement, Patrick Feyen, the visionary owner of Allied Pro Drywall, remarked, “This financing marks a pivotal moment for our company, enabling us to embark on a new chapter of growth and innovation. With the support of Alantes Corporate Finance, we are confident in our ability to reach new heights and deliver unparalleled value to our clients.”
About Alantes
Alantes Corporate Finance (“Alantes”) specializes in capital raises and strategic advisory for small to middle market businesses across the nation. Our team prides itself on our ability to provide unique solutions for all of your business needs. Whether you’re looking to acquire a new company or additional working capital for operations, Alantes is your trusted source for business growth and expansion. Our multi-faceted approach allows us to craft creative solutions that adds value at the most critical junctures so you can focus your resources on core business activities.
For more information on this transaction, contact Alantes Corporate Finance at info@alantes.com
Alantes Corporate Finance, LLC
234 5th Avenue, 2nd Fl
New York, NY 10001
www.alantes.com
