Malone’s is a manufacturer of replacement parts and assemblies for United States military aircrafts.
The supply chain challenges of COVID-19 caused processing times at Malone’s to double from 30 to 60 days. As a result, the company saw a decline in revenues, straining cash flow and delaying its ability to meet critical obligations. Additionally, the company’s senior bank froze their line of credit, leaving them unable to access the necessary funds during this challenging period.
Our investment, made in connection with the Oklahoma Rural Jobs Act, provided the company patient, flexible capital. This financing has enabled the company to purchase new equipment, invest in working capital, and is expected to create 10 additional job opportunities.
Investment Summary
Location
Oklahoma
Investment
$5,000,002
Type
Debt