High Sources, Inc.
Company: High Sources, Inc. (“Company”)
Financing Amount: $1,100,000
Financing Structure: $1.1M SBA Term Loan
Financing Date: February 16, 2023
About the Company
High Sources, Inc. “Company”) is a Tampa Bay, Florida based full services commercial janitorial, building services and residential general contractor company based in Tampa, FL. The Company is a leading expert in the janitorial industry providing cleaning services with more than 80 years of combined experience in the business. The Company’s full range of cleaning and building services is created to suit any business and any budget.
Situation
As with many companies post-pandemic, the Company approached Alantes with a considerable amount of high-cost debt that was acquired during a period of expansion. The company needed to refinance the existing debt and secure working capital in order to execute on recently awarded contracts.
Solution
After a thorough review of the Company’s financial statements, Alantes was able to secure a $1,100,000 SBA term loan to refinance all high cost debt and provide extra availability that was allocated towards working capital, successfully recapitalizing the Company. “Alantes ability to work through tight timelines was crucial during this capital raise, as our cash flow was being negatively affected by the high interest cost of our current debt” explained Max Chanlatte, President of High Sources, Inc. The company now has the optimal capital structure and is well positioned for growth in the years to come.
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
High Source
