Cheddar Capital Transactions
Transaction Date
June 2023
Amount Funded
$250,000
Funding Program
Term Loan
Use Of Funds
Working Capital
Same Day Approved and Funded
Contractor in Texas
Financial Support in an Economic Slowdown
Amidst an economic slowdown in the construction industry and customer slow pays, a young Texas-based contractor took proactive measures to secure capital in anticipation of a cash flow slowdown. Recognizing their need for financial assistance, Cheddar Capital, a reputable Tennessee based financial institution with offices in the Dallas DFW area, stepped in to provide the necessary capital.
By offering a tailored loan agreement with competitive rates, monthly repayment, early payoff discounts and minimal paperwork it was the perfect recipe for quick funding. “I felt comfortable knowing Cheddar was basically in my backyard and able to relate to my situation. I actually spoke to Cheddar Ron initially and i thought the process was very professional from start to finish.”
This necessary capital empowered the contractor to navigate the challenges ahead, ensuring their continued operations and growth despite the economic downturn. This collaboration exemplified the power of foresight and strategic financial support in helping businesses thrive amidst industry-wide adversities.
Transaction Date
June 2023
Amount Funded
$150,000
Funding Program
Term Loan
Use Of Funds
Inventory
Same Day Approved and Funded
Energy Provider in Wyoming
Cheddar's Unprecedented Ease and Personalized Service
In their quest to break free from their current lender, a Wyoming-based Energy company, “Wyoming Energy Solutions,” sought out Cheddar Capital for a financial solution.
Motivated by a genuinely satisfied customer review, where the reviewer offered permission for doubters to reach out, Wyoming Energy Solutions was eager to experience the amazing service described. Their primary contact, Cheddar Dan, instantly made them feel like valued individuals rather than mere numbers.
The process unfolded seamlessly, devoid of stress, and Wyoming Energy Solutions even had the pleasure of sharing a few laughs with Dan, who had a knack for delivering amusing jokes. The entire process, from application to funding, was completed in just a few short hours, leaving them astounded. Having dealt with other loan companies in the past, Wyoming Energy Solutions acknowledged that this level of ease was unparalleled.
They commended Cheddar Dan for his exceptional service, and in their eyes, he was paving the way to monopolize the industry by exemplifying the ethos of “just good folks doing good businesses.” Wyoming Energy Solutions expressed gratitude for the experience, recognizing it as a beacon of what the world needs more of today.
Transaction Date
May 2023
Amount Funded
$250,000
Funding Program
Term Loan
Use Of Funds
Inventory Purchase
Same Day Approved and Funded
Contractor in Texas
Empowering Texas Contractor's Growth with Quick Funding
Samuel, a contractor based in Texas, had several job opportunities lined up for the upcoming busy season, but he needed funds to purchase inventory. He decided to reach out to Cheddar Capital, a financial institution known for its quick and easy loan approvals.
After submitting his application, Samuel received a call from Cheddar Dan, the loan officer assigned to his case. Cheddar Dan went through the details of the loan and explained the terms and conditions in a clear and concise manner. He also mentioned that Cheddar Capital offered aggressive early payoff discounts since Samuel planned on paying off the loan obligation earlier than the length of the term.
Samuel was impressed by the level of professionalism shown by Cheddar Dan and the rest of the team at Cheddar Capital. He was pleased to learn that his loan request of $250,000 was approved within 24 hours of receiving the offer. He was able to purchase the necessary inventory to prepare for the upcoming job opportunities.
With the increase in job opportunities, Samuel was able to grow his business and increase his overall income. He was grateful for the support provided by Cheddar Capital and would definitely use them again for any of his business financing needs.
In the end, the transaction between Cheddar Capital and Samuel was a success, where both parties benefited. Cheddar Capital was able to provide financial assistance to a small business owner, while Samuel was able to take advantage of the upcoming job opportunities and grow his business. And with the early payoff discounts, he was able to save even more money in the long run.
Transaction Date
May 2023
Amount Funded
$50,000
Funding Program
Bridge Loan
Use Of Funds
Payroll
Same Day Approved and Funded
Engineering in Wisconsin
Timely Intervention Saves Wisconsin Engineering Firm's Payroll
In a race against time on a Friday afternoon at 1pm EST, a Wisconsin-based Engineering Firm faced a critical funding shortfall to meet their payroll obligations. Sensing the urgency, the firm’s CEO, John, sought help from Cheddar Capital, renowned for their swift financial solutions. Within minutes, Cheddar Capital mobilized their experts, gathered the necessary information, and devised a tailored funding plan.
Led by Senior Account Manager Cheddar Dan, Cheddar Capital expedited the funding process, ensuring the transfer of funds to the engineering firm’s account. With payroll secured, relief washed over John and his team, grateful for Cheddar Capital’s prompt assistance in averting a potential crisis.
Transaction Date
May 2023
Amount Funded
$200,000
Funding Program
Line Of Credit
Use Of Funds
Payroll
Same Day Approved and Funded
Security Firm in California
California Security Firm's Credit Line for Payroll Support
Cheddar Capital assisted a California-based security firm in securing a credit line. Cheddar Capital considers California’s legal and regulatory requirements in determining the firm’s creditworthiness and structuring the credit line.
The firm, with annual revenue of 5 million, intends to use the funds to help cover payroll. The firm was presented with multiple written offers with clear terms and conditions, allowing them to compare and select the best offer for their needs. The credit line is unsecured, requires no collateral or personal guarantee, and has no early payoff penalties.
Additionally, the terms include low monthly repayments, making it an appealing option for effective cash flow management. The low interest rate of only 1% per month further provides flexibility and reduces borrowing costs. Only pay for what you draw.
Transaction Date
April 2023
Amount Funded
$200,000
Funding Program
Line Of Credit
Use Of Funds
Pay Vendors
Same Day Approved and Funded
Manufacturing in Indiana
Lightning-Fast Business Line of Credit Rescues Indiana Manufacturer
Cheddar Capital, a reputable financial institution, had received an inquiry from an Indiana based manufacturer about a business line of credit to pay their vendors for services and work completed. The manufacturer had an urgent need for funds to keep their operations running smoothly.
Upon receiving the request, Cheddar Capital’s lending team quickly assessed the manufacturer’s financials and credit history. The manufacturer was running a strong business and presented the necessary documentation to qualify for the line of credit.Cheddar Capital’s team promptly communicated their approval and presented the terms and conditions of the line of credit to the manufacturer. After reviewing and accepting the terms, the manufacturer provided the required documentation.
Cheddar Capital’s team diligently reviewed the documents and approved the line of credit within a few days. The manufacturer was informed that their funds were ready for disbursement.The manufacturer quickly drew down the funds they needed to pay their vendors, and Cheddar Capital ensured the funds were transferred to the manufacturer’s account within 24 hours.
The manufacturer was pleased with the quick and seamless process, and they appreciated the excellent customer service they received from Cheddar Capital’s team. They were now able to continue their operations smoothly, knowing that they had a reliable financial partner in Cheddar Capital.
Transaction Date
March 2023
Amount Funded
$1,000,000
Funding Program
Bridge Loan
Use Of Funds
Expansion
Same Day Approved and Funded
Medical Provider in Georgia
My Local Bank Couldn't Help
Cheddar Capital, a financial services firm with offices in Memphis and Dallas, provided a loan to a Georgia-based medical provider.
The provider needed capital to pay for upfront insurance premiums and expansion, but their local bank couldn’t offer the necessary funding due to excessive unresolved tax liens. Cheddar Capital’s bridge loan allowed the provider to secure the needed capital, resulting in a substantial increase in annual revenue from 75 million to nearly 95 million dollars.
“We have utilized Cheddar many times over the years to access large amounts of capital.
They’re just easy to deal with and it’s nice to know there’s a like-minded Southern company out there able to help on our timeline.”
