A $20M manufacturer thought they had hit their banking ceiling. Six months later, their capital structure increased by $22M.

Most growth problems aren't revenue problems. They're capital structure problems.

Last year, I worked with a manufacturing company generating approximately $20M annually that believed they had exhausted their banking capacity.

What followed was a 3-phase restructuring that began with speed and ended with a $22M senior refinance on a 25-year term.

Within 6 Months

• *$3M unsecured deployed in 48 hours
• *$1.8M additional growth capital structured
• *$22M senior refinance closed on a 25-year term
• *Entire capital stack rebuilt before year-end

They weren't underperforming. They had simply outgrown their bank.

The constraint wasn't performance. It was structure. Their existing bank relationship had reached its limit.

We began with a $3M unsecured facility that did not disturb existing lenders or collateral positions. After full underwriting and documentation review, approval was secured within 24 hours and capital was deployed 48 hours later.

That liquidity allowed the company to immediately execute on time-sensitive growth.

60 days later, another opportunity required additional capital. Despite being behind the initial facility, we structured and delivered $1.8M to maintain momentum.

At that point, the conversation shifted from accessing capital to redesigning capital. What started as a $7M refinance discussion evolved, after detailed collateral review and lien analysis, into a $22M senior facility on a 25-year term.

The Result

• *Short-term facilities paid off early, saving substantial interest
• *Legacy bank liens cleared
• *Real estate consolidated under one senior lender
• *Amortization extended to materially improve cash flow
• *Additional working capital deployed
• *Entire balance sheet repositioned for long-term growth

The company executed every growth objective it set out to accomplish.

Growing companies rarely lack opportunity. They lack properly sequenced capital.

Fast capital has a role. Long-term capital has a role. But structure determines scalability.

When a business outgrows its bank, the answer isn't more debt - it's better architecture.

If you're evaluating your next phase of growth, the capital strategy deserves as much attention as the growth plan itself.