Case Study: GadellNet fuels continued growth with Enterprise Bank & Trust's New Market Tax Credit Program

GadellNet grows 20% with Enterprise Bank & Trust's New Market Tax Credit Program

GadellNet, a growing IT support firm, faced challenges financing its rapid expansion and managing cash flow due to slower-paying clients. Enterprise Bank & Trust, their banking and lending partner, introduced them to a solution using the New Market Tax Credit Program.

Enterprise Bank & Trust's implementation of the New Market Tax Credit program provided GadellNet with working capital to refinance higher-priced debt and fund equipment and technology purchases. This increased credit capacity gave the firm more flexibility with client payment terms, reduced the impact of unpredictable cash flow, and helped facilitate its ongoing growth.

GadellNet