SBA Loan Unlocks Growth and Added Benefits For National Meal Delivery Service Provider

1. What are the biggest challenges you face as a business?

In the current market, we are caught between high interest rates and inflationary pressures that are driving up operating expenses. Despite this, we need to adhere to our growth roadmap, which necessitates borrowing to finance our expansion. I prefer using debt financing over equity dilution to fund our growth.

2. How did Enterprise help solve these challenges?

Enterprise Bank & Trust emerged as our preferred choice for an SBA loan due to the bank’s personalized service, streamlined loan process and exceptional customer support, making it a reliable partner for financing major business investments. Additionally, unlike other lenders, the team minimizes complexity by not requiring us to open a bank account.

3. What is the impact on your business?

Thanks to financing from Enterprise, MealPro successfully purchased its own office building for $1.85 million. This acquisition provides us with numerous financial, operational and strategic benefits, such as building equity, gaining tax advantages and — most importantly — enabling us to grow the company while ensuring long-term stability.