Wharton Gladden Closes $1.5 Million Debt Facility for Sentinel Fence
Algenon Cash, managing director of investment banking group Wharton Gladden & Company, announces today the firm has successfully advised Sentinel-Fence & Rail on a $1 million debt restructure. The new capital was provided through the SBA (7a) loan program.
In addition, Wharton Gladden helped the company to secure a $500,000 line of credit utilizing the SBA CAPLine program, which provides working capital lines of credit designed to help small businesses with their short-term working capital needs.
Mr. Cash led the advisory and capital placement assignment with support from Michael Byers, a senior associate director in the firm.
Sentinel-Fence is located in Lumberton, North Carolina and is the leading supplier in aluminum fence, vinyl fence, aluminum estate gates, and aluminum railing for residential, commercial and industrial applications.
The company has experienced high growth since the end of the recession and as a result needed more capital to fill inventory demands, hire new employees and efficiently service a growing customer base.
According to Cash, “Wharton Gladden enjoys working with small companies and takes deep pride whenever we can help growing businesses obtain the necessary capital to achieve carefully planned business goals and objectives.”
About Wharton Gladden & Company:
Wharton Gladden & Company is a uniquely designed boutique investment banking firm that specializes in providing strategic advisory services, underwriting, capital placement and private equity for a diversified client base that includes corporations, real estate developers, financial institutions, investors, municipalities and high net worth individuals.