Dover NH

Garrison City Beerworks

| Zeb Wright

Kingswood Comes Through For Local Brewery

“Less than 2 years into business and we needed to buy more equipment to grow. Kingswood Leasing came through with a deal that no one else could match. A year later we needed working capital to take advantage of a contract that otherwise would have hindered our cash flow. Now Kingswood has helped us get a small business loan and line of credit, which is enabling our next phase of growth at the brewery. Every time I have a financial need, Kingswood has come through.” – Mike Nadeau, Founder & CFO, Garrison City Beerworks

Garrison City Beerworks (GCB) entered the scene at the end of 2013 with the mission to become NH’s premier craft brewery. Fortunately for us, they took up residence just a couple blocks from our own primary office in Dover, NH. Founder Mike Nadeau didn’t need our help to get started, but after his initial investment to get going, he realized that much more would be needed to be as successful as he wanted to be. In 2015 Mike came to us to make a big investment in a canning system that would significantly increase the brewery’s ability to distribute the premium craft beer that they make. In addition to the canning system, Garrison City would need a lot of cans to take advantage of this new piece of equipment. The challenge for us was how to get this brewery that was less than 2 years old the full amount of money that they needed in order to accomplish the full order of equipment and cans.

The Equipment Loan

Garrison City qualified for the best start-up rates available in the marketplace, and had several options of how to finance the canning system. The ‘soft costs’ of the project, however, including the large inventory of cans, exceeded the normal 25% allowance of the transaction. In this case the shipping, installation, accessories and inventory was a whopping 55% of the total transaction we were attempting to finance. We could have separated the transactions, but that would have cost Garrison City Beerworks more in total. And we have great relationships with our banks, some of which we have been doing business with for 26 years. So we leveraged our experience and great relationships to earn an exception on this deal that would typically be unheard of. The bank would finance the full amount for our neighbors down the block. We made every attempt to do what was best for our client, and our funding source rewarded us and our client with everything they needed to get the job done.

Working Capital Loan

About a year later, Mike came to us looking for a line of credit. His primary need at the time was to secure a yearlong hops contract that would set up the next years’ worth of craft beer production. True business lines of credit have been harder to secure for businesses since the economic recession of 2008, and at that time Garrison City Beerworks did not have enough time in business to earn what was reserved for more established companies. But that didn’t mean that Garrison City didn’t have other options for working capital. Small business loans are one of the industry’s most popular products and any company with more than 6 months’ time in business can secure a short term unsecured business loan based on the strength of their monthly deposits. Fortunately for Garrison City, their monthly deposits exceeded the amount that they needed to secure the hops contract, and we secured for Mike a small business loan equal to what he needed. That loan helped smooth out GCB’s cash flow and set them up for sustained growth.

Term Loan & Line of Credit

Well into their third year in business and GCB is growing again. They have expanded their service and capacity and have sustained year over year growth every year in business. To take advantage of the opportunity before them, GCB needed the tools that other established businesses have at their disposal. We are so pleased to play our part in securing GCB a 5-year term loan and a true business line of credit, both of which were earned by Garrison City Beerworks for all their hard work and dedication. It truly is an honor to watch a business grow and succeed. And regarding Garrison City Beerworks, we can’t wait to watch what they do next!

Are you a Greater Dover Chamber of Commerce member?

Working with local businesses is an experience unlike any other, and we could not be more proud to serve Garrison City Beerworks. And as this experience with GCB shows, sometimes a hometown company can do things for you that no other company can. What could be better than that? How about a hometown discount?! From now on any Greater Dover Chamber of Commerce member will receive a discount on any contractual fees up to $250!

I am a Greater Dover Chamber of Commerce member! – I want a hometown discount!

Dover Children’s Home 10th Annual Golf Tournament

| Zeb Wright

Kingswood Golfs For Favorite Charity

The entire staff of Kingswood Leasing was proud to support and attend our 6th consecutive Dover Children’s Home Golf Tournament. This charitable tournament is one of the largest events that the Dover Children’s Home puts on every year, generating much of the needed funding for their non-profit programs for children. Thousands of NH’s most vulnerable children have received exceptional care at DCH since 1893. Their personalized treatment allows the young people that they serve to gain self-confidence and experience significant improvement in their family relationships, decision-making skills, and school performance.

Fundraisers and donations of any kind translate into the program’s ability to provide exceptional care while attempting to provide a positive adolescent experience. DCH is committed to improving the lives of the young people placed in their care by offering a wide array of services, experiences, and opportunities that celebrate each child’s individual strengths and personal needs.

As one of only a few community-based residential treatment programs for children remaining in NH, it is more important than ever for Dover Children’s Home to provide a safe haven for young people to develop the skills they will need to become healthy, productive members of the community.

“To the Whole Team at Kingswood Leasing,
I cannot say enough Thank You’s to each and every one of you for your ongoing support of Dover Children’s Home! Thank you from the bottom of our hearts for all you have done and continue to do for us! Thank you for wrapping your arms so generously around us!
With much gratitude, Renee” – Renee Touhey-Childress, Executive Director, Dover Children’s Home

The staff of Kingswood Leasing had, yet again, a great time being a part of this event. Almost everyone either volunteered or played in the tournament, which was a lot of fun for everyone involved. We look forward to this event every year and we look forward to supporting the Dover Children’s Home for years to come.

Kingswood Welcomes Patrick Signer

| Zeb Wright

Patrick Signer Joins The Kingswood Team

Kingswood Leasing, Inc. is pleased to announce that Patrick Signer has been added to Kingswood Leasing’s Account Executive Team. Signer will be responsible for securing capital transactions for business owners from $2,000 to $500,000.

“Patrick brings a great attitude and is committed to superior customer service, which is exactly what we want our clients to experience. I’m excited to see Patrick’s impact on our business and watch him succeed at his new position. He has a great opportunity ahead of him and I look forward to him adding to Kingswood’s momentum.” – Cliff Metcalfe III, Chief Operating Officer

Signer’s superior sales and customer service background will serve Kingswood and himself well as he fills the role of an Account Executive. Account Executives manage a book of business that includes small start-up businesses to large Fortune 500 companies. Every business is unique and presents singular challenges that only an experienced finance professional can recognize as opportunity and turn into positive ROI for that firm. Signer has exceptional understanding of the needs of Kingswood Leasing’s clientele and we look forward to his future serving our clients.

More about Kingswood Leasing

Kingswood Leasing Inc., a nationwide full service finance company specializing in providing capital solutions to start-up businesses and the restaurant industry, has provided vendor finance programs for capital equipment transactions of all types and amounts since January 1991. Kingswood Leasing has helped to secure financing for thousands of organizations, from the largest corporations to individually owned businesses.

Kingswood Leasing & Back Bay Networks Enter Into Agreement

| Zeb Wright

Kingswood Leasing Signs Service Agreement with Back Bay Networks of NH

We are pleased to announce that Back Bay Networks of NH is our new partner in this digital age. Back Bay Networks is an IT consulting firm with extensive experience providing IT support since 2003. They are based less than 1 mile from Kingswood Leasing’s main office in downtown Dover, NH.

“I was very pleased to learn about Back Bay Networks and how they could support Kingswood Leasing’s continued growth. The fact that they too are a small business handling large accounts, and the fact that they are so close to our location, made Back Bay an ideal fit for our own small business.” – Clifford Metcalfe Jr.

This relationship is a reflection of the success Kingswood Leasing has continued to have with year after year growth. To continue achieving our goals we have to be better in all areas of business. People are the biggest asset Kingswood Leasing has, but after people, technology is the backbone of the company.

“The next 3 to 5 years are going to be very exciting for us. We have almost outgrown our current information systems and with Back Bay I look forward to having a partner to grow with. I’m very pleased with the service and approach Steve has taken with our company thus far.” – Clifford Metcalfe III

Steve Gagnon, owner of Back Bay Networks of NH, has a tremendous business record supporting local and national business. The feedback from his clients is outstanding and we look forward to working closely with him and his staff.

“I am excited to be working with Kingswood Leasing and look forward to supporting their IT needs. Our knowledgeable and friendly staff will provide the tools needed to keep their systems running efficiently so they can focus on what they do best.” – Steven Gagnon, Owner, Back Bay Networks of NH, LLC

Back Bay Networks is located at 800 Central Ave in Dover, New Hampshire, and on the web at www.bbnnh.com.

Congratulations to the Dover Rotary Girls Softball Team!

| Zeb Wright

Dover Rotary Wins Division Championship Title

The top-seeded Dover Rotary girls softball team captured the Dover Youth Softball League’s 10U Division championship with a hard-fought, 7-5 win over Collins Sports Center at Shaw’s Lane in Dover on June 20, finishing the season with an impressive 13-1 record.
Mariah Ouellette started on the mound for Rotary and pitched two solid innings before being relieved by Charlotte Wensley, who closed out the game with two scoreless innings of her own. Addie Sheehan and Hannah Fitzgerald pitched admirably for Collins in the loss, combining to hold the potent Rotary lineup in check and keep the game within reach.
Rotary’s Jordyn March provided the game’s pivotal offensive blow, plating Sasha Elly with the eventual winning run with a two-out line drive single to right in the bottom of the second inning to break a 5-5 deadlock. Collins’ catcher, Sophia Cedrone, tagged out Rotary’s Ella Wasserman at the plate to end the inning and prevent further damage, thanks to a perfect relay throw by Sheehan.
Rotary added a lone insurance run in the third to pull ahead 7-5, and the scoring ended there as Collins’ fourth-inning threat fell just short. (Fosters)

Aaron Wensley, Account Executive for Kingswood Leasing, has been coaching local athletics for over 8 years in his home town of Dover, NH. Coaching gives Aaron the opportunity to focus on two of his passions – his family and love of sports. The Kingswood Leasing family could not be more proud of Aaron and his status as a role model in our community. Everyone at Kingswood Leasing would like to congratulate Aaron and the Dover Rotary Softball Team on their triumphant season!