MidAtlantic Financial analyzes a finance transaction with a focus on the business owner's desire to succeed, not their credit score. We listen to the individual story and make an overall assessment of the borrowers ability to repay and succeed in the business. The following situations are examples where MidAtlantic Financial listens and funds transactions when competing banks say NO.
EQUIPMENT AGE: While most lenders restrict equipment age to no older than 10 years, MidAtlantic Financial will consider any age equipment.
BAD YEAR: Although most lenders restrict approvals to those customers showing positive cash flow over the last two years, MidAtlantic Financial will review most transactions without seeing financial statements or tax returns. We listen to the owner tell their unique story and how they approach their business. One bad year doesn't disqualify anyone if they're making the necessary changes to improve and succeed.
WORKING CAPITAL: Lenders historically have viewed working capital requests in a negative light. MidAtlantic Financial feels working capital will enhance a borrowers financial stability if used for the correct reasons. MidAtlantic Financial will use their currently owned equipment to support various funding needs including real estate purchases, repair equipment such as engine rebuilds, etc.