In 2006 I first had the privilege of meeting Jay Lunt who was the relatively new owner of a windows and doors business located in Pensacola, FL. The company he purchased had been started in 1972 as Folkers Windows and Doors and the business was well established in the panhandle of Florida and the Alabama coast - storm shutters, doors and wind resistant windows came in handy in that area! When we met Jay, he was growing the business and needed a new building from which to operate. We got right to work, and that same year we helped him purchase a new building using the SBA 504 Program, which is a perfect fit for growing businesses.
Over the years Folkers continued to grow and Jay and I stayed in touch. In 2012 we began talking about refinancing the loan since rates were much more favorable. With the help of one of Alliance Capital’s lender relationships we were able to secure a lower rate and new financing for Jay and his wife, Mary.
Then in 2014 Jay decided it was time to retire and made sure the business broker introduced us to any potential buyers. Kip Robinson of Spanish Fort, AL was the right buyer, and interestingly enough, Kip and Alliance Capital were contacts and had discussed other opportunities in recent years. Thanks to Jay’s positive experience with Alliance Capital in the past and Kip’s confidence in us, we were able to help Jay hand the baton to Kip and continue the legacy of Folkers Windows. This transaction was made possible with the help of an SBA 7(a) loan.
If Alliance Capital can be of service to you or your clients, contact us and let us know how we can help!
"Thank you for all you did to make our business sale possible. Again and again you are the GO-TO guy for these financial deals. All-in-all the entire process went very well and the transition from owner to retirement continues, your ability to bring the financial component to this sale was the critical piece."