LED Light Manufacturer Secures Commercial Real Estate Refinancing for $950,000

$950,000 Real Estate Refinancing

A LED light manufacture outside of the Austin area recently requested financing for the expansion of their manufacturing building. 

Business Bank of Texas was able to refinance their existing loan and lend additional funds for the much needed expansion to their manufacturing facility. The prompt and professional handling of that transaction brought the customer back to Business Bank of Texas for a $300,000 equipment lease and a business account. The Borrower has also expressed how convenient they find the Remote Deposit product.

Ed Lette

Business Bank of Texas

Ed Lette is Founder, Vice Chairman of the Board of Directors at Business Bank of Texas. Serving as a licensed CPA since 1983, Ed’s extensive experience in the banking industry has led him to become the founding president of four national bank charters including Business Bank of Texas, N.A., and the chief financial officer of five national banks during his 45 year career. Ed serves as director of the Texas Bankers Association District 4, chairman of the Executive Advisory Council to the School of Business at Texas Lutheran University, and is a life member of the Texas Association of Business.

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Guide to Business Borrowing

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