Louisiana First Financial, Inc.

INSPIRING PROJECT STORIES

Onshore/Offshore Oilfield Company

An on-shore/offshore oilfield company came to Louisiana First Financial Group with existing cash flow problems. Due to their industry downturn, the company’s existing banker could not accommodate the company’s cash flow needs. The entire debt of the company ($37,000,000) needed to be structured over a longer amortization schedule that would fall outside of traditional bank financing terms. Louisiana First Financial Group was able to restructure $25,000,000 of the company debt through the USDA loan guarantee program. By doing this Louisiana First Financial Group effectively reduced the company’s monthly payments by over $650,000 per month or $7,800,000 annually by utilizing the benefits of longer amortizations schedules the USDA program affords it’s borrowers.

Furniture Manufacturer

A retail furniture manufacturer came to Louisiana First Financial Group wanting to transition out of the retail furniture manufacturing business into the hospitality/hotel furniture industry. In order for the company to make the transition smoothly, it needed enough working capital in place at loan closing to be able to make the payments on their $6,500,000 loan facility and operate the company until orders from the hospitality industry came to fruition. Louisiana First Financial Group was able to restructure their existing debt of $5,000,000 over 25 years. In addition to restructuring the existing debt, $400,000 was provided for the purchase of new equipment and another $1,100,000 in working capital to assist the company with the company working capital needs until the transition took effect.

Retial Grocery Market Chain

A retail grocery market chain needed to finance a new state of the art dry/cold storage facility, restructure debt and were looking for the best terms available. Louisiana First Financial Group negotiated a $26,200,000 loan facility amortized over 25 years with a ten year fixed rate. In addition to the ten year fixed rate, the loan was non-recourse to the owner of the grocery market chain. No personal guarantee was required of the owner of the company for this loan.

Pipeline Construction Company

A pipeline construction company was experiencing very rapid growth and had outgrown their existing banking relationship. Due to the tightness in the credit markets, the existing lender would not increase their existing $3,000,000 loan facility and the company needed a $7,000,000 line of credit. The company’s existing relationship had them wrapped into a $3,000,000 line of credit secured by real estate, equipment, receivables and inventory. Louisiana First Financial Group was able to arrange the $7,000,000 line of credit secured by only receivables and inventory.

LOUISIANA FIRST FINANCIAL GROUP WAS FOUNDED IN 1979 AND HAS BEEN ASSISTING CLIENTS ON A NATIONAL BASIS WITH THEIR FINANCING NEEDS SINCES ITS INCEPTION.