E&E Cycle Company
Company: E&E Cycle Company (“EE” or “Company”)
Financing Amount: $750,000
Financing Structure: $750,000 SBA Term Loan
Financing Date: October 18, 2023
About the Company
E&E Cycle Company and E&E Cycles of Kentucky (“EE” or “the Company) are two of the premier providers of the ultimate Harley-Davidson experience. Led by the team of Eric Sternberg and Eddy Soberon, EE provides the whole gamut of Harley-Davidson products and the highest level of service to all their customers. With their expansive team, customers can not only purchase the motorcycle of their dreams, they can also upgrade the looks and performance with the assistance of their experts in the parts and service department. The Company also offers the full experience with riding lessons, functional gear and home décor.
Situation
Riddled with some high cost debt, EE needed to refinance the existing capital in order to unlock access to more working capital. The payments on the debt were preventing the company from fully operating at their potential and maximizing their profits.
Solution
Alantes secured a $750,000 SBA Term Loan which successfully refinanced all existing debt while providing some additional working capital for the business. The reduced monthly payments resulted in more capital available for operations and growth initiatives. “We’re pleased to have implemented this facility as it aligns with our business structure and positions us for growth as well.” says Eric Sternberg “I’m glad that Alantes was able to find and secure a financing partner that understands our needs and is able to grow alongside us.”
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
