Prime Commercial Lending and President Kris Roglieri are pleased to announce the recent successful closing of a 7a SBA loan to Sustainable Sourcing, LLC, a Massachusetts-based salt distributor. Prime Commercial Lending was proud to be able to secure a SBA loan for $1,490,000 with a 25-year fixed-rate of 5.2%.
Prime Commercial Lending and Kris Roglieri were honored to secure this loan, which was used to acquire a warehouse Sustainable Sourcing was previously leasing. Sustainable Sourcing provides salt to various retail brands, including the world-famous Martha Stewart brand. The entire transaction was completed in record time as this loan was underwritten and funded in less than 2 months.
Kris Roglieri, president of Prime Commercial Lending emphasized, “This was a great client to take on for us in Albany, NY, as they are so close to home.” Prime Commercial Lending continues to offer some of the most competitive SBA loans in the country.