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. The company experienced a decline in revenues, stretching cash flow resources and delaying the company in meeting critical obligations.
Our investment made in connection with the Oklahoma Rural Jobs Act provided patient, flexible capital to the company in a rural community where traditional banks don’t typically lend. Malone’s has used the financing to purchase new equipment and expects to hire 10 additional employees.
Investment Summary
Location
Oklahoma
Investment
$3,000,002
Type
Debt