National Machinery Distributor in the Midwest
Our borrower distributes light construction machinery around the nation
The Borrower's Needs
Single-close construction to perm loans and several refinancing needs.
This company mainly deals with the national banks, as they could not find a local community bank to meet their needs.
The Borrower's Solution
Along comes a community bank under $2 billion in assets…. That uses ARC!
By partnering with a local community bank that uses ARC, the Machinery Distributor got the best of both worlds: Small-town relationship banking and sophisticated products that meets their needs.
9 ARC loans booked totaling $39.25 million
Moved deposit and treasury management to the community bank — a very profitable line of business
The company has become the #1 most relationships to the community bank
Bank Earns Floating While Borrower Receives Fixed
Allows the bank to offer unique options
Fixed rate terms out to 20 years
Forward rate locks