When a multi-location provider of end-of-life care with $38 million in revenues needed $13 million in financing for a dividend, it did not find the funds at a bank. Rather, it used a Business Development Company (BDC).
Traditional financing is tested, tried and true—a financial lifesaver for many companies. But, traditional financing can often be slow to materialize and onerous to obtain—not the best recipe for a business sensing a need to pounce on an opportunity now.
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