Adam LaBarre’s commercial cabinet and trim installation company was set for some big growth — if only they could upgrade their equipment and hire new staff to service the major contracts they’d just won.
“We’d gone through the normal routes looking for financing,” he said. “The banks turned us down. Even our own bank that we had a good history with.”
When a friend suggested trying CapFusion, LaBarre didn’t know what to think. He’d never worked with an online lender before, and some of the things he’d heard about non-traditional lending weren’t very flattering.
But when LaBarre got on the phone with a CapFusion loan analyst, he could tell this was the kind of company he could do business with. LaBarre explained his situation to CapFusion’s Bret Elliott, and Elliott came back with a suggested loan and payment structure tailored to fit into LaBarre’s operations.
“We finalized the deal, and they had the funds to me in a couple days,” he said. “It was that easy. And I appreciated the advice they gave and helping us make sure we didn’t take on more than we could handle.”
With the help of the CapFusion loan, LaBarre was able to hire additional installers and exceed expectations for his clients. It was a lot of hard work — but the company is thriving as a result.
Elliott said watching business owners grow their companies with CapFusion’s help is what got him into the industry in the first place.
“That’s exactly what you hope you’re able to do for your clients — give them the resources they need to take that next step toward greater and greater success,” he said.
For LaBarre’s part, he says he’d “recommend CapFusion to anyone.”
“I appreciate what they were able to do for our company so much,” he said. “When you’re in business for yourself, you need partners like that you can trust.”