October 14, 2015

Big Shoulders Capital, in conjunction with a partner, sourced and closed an asset-backed loan of  $1.5-million for a New York-based precision machine shop. The loan is secured by the company's machining and milling equipment.

"With deep experience in the machine tool industry we were able to quickly and accurately assess the value of the company's assets and structure a loan that met their needs for capital," said Todd DiBenedetto, president of Big Shoulders Capital.  "Our team has extensive experience in this industry and an ability to uncover value where others may not.

"This transaction is one example of how our team can move quickly and decisively, which has proven to be a hallmark of our success in this business segment."

Primarily an equipment and machinery lender, Big Shoulders Capital also provides accounts receivable financing and factoring to borrowers seeking a one-stop solution to help them build a stronger future for their businesses.  Big Shoulders Capital is a trusted partner for workout bankers, restructuring and turnaround consultants, debt placement brokers, attorneys, bankruptcy advisors, factors, and lenders that want to exit a credit.  Big Shoulders Capital is organized as an Illinois LLC with headquarters in Northbrook, Illinois, a suburb of Chicago.