Pittsburgh, PA
Building Material Supplier Able to Take on New Contract During Pandemic with CDFI Loan
LowCountry Building Solutions (LCBS), a minority- and woman-owned business, specializes in building supplies and materials for new construction and provide products for infrastructure, road and highway, concrete, and construction material supply. Due to the COVID-19 pandemic, the business’s gross sales decreased by $2 million in 2020. As projects started ramping up months later, supply chain issues and pent-up demand caused material and labor prices to increase significantly, resulting in projects awarded before the pandemic losing revenue. In response, Bridgeway Capital provided LCBS with a $99,354 loan to refinance existing debt and increase cash flow. Bridgeway is proud to be a…