Crawford Environmental Services
Company: Crawford Environmental Services, LLC (“CES” or “Company”)
Financing Amount: $3,500,000
Financing Structure: $3,000,000 Small Business Administration (SBA) Term Loan, $500,000 Accounts Receivable Line of Credit
Financing Date: July 18, 2023
About the Company
Headquartered in Roanoke, VA with offices nationwide, CES provides in depth experience with DoD operational protocol and ID/IQ contracts. The Company specializes in soil and groundwater restoration, site assessments, turnkey remedial designbuild and performance-based remediation initiatives. CES currently holds multiple nationwide DoD remediation contracts valued in excess of $80M and offers an experienced and cost-effective group familiar with the various regulatory frameworks. The CES experts are experienced in performing remote environmental service contracts having executed numerous task orders across remote regions in Alaska. CES offers self-performed services for a wide range of Remediation Services, Engineering/Design and Environmental Emergency Response. Their depth of personnel, resources and management tools enable them to be cost-effective, responsive, innovative and results-focused. The Company has a proven safety program that has successfully delivered work to their clients, demonstrated by exceptional safety statistics below industry standard.
Situation
In order to position themselves for growth and sustainability, Crawford Environmental Services sought out professionals that would be able to restructure their existing debt into something that was more conducive to the nature of their business and at a lower cost. Riddled with higher cost debt, CES reached out to the team at Alantes looking to replace the merchant cash advance loans with two facilities that would be able to not only reduce their debt but also provide much needed working capital for future growth.
Solution
In a pivotal move for Crawford Environmental Services, owner Charlie Crawford expressed his enthusiasm about the engagement with the team over at Alantes. “With Alantes’ unwavering support, we’ve unlocked a new chapter of growth for our company,” said Crawford. This collaboration has paved the way for a remarkable funding solution, encompassing a $500,000 accounts receivable line of credit along with a vital $3,000,000 Small Business Administration term loan. Crawford’s optimism and expertise along with Alantes’ tailored financial approach have combined to fuel the expansion of Crawford Environmental Services into horizons previously deemed unreachable.
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
