APDC Cleaning locks in $10.5M term loan to clear merchant cash advance debt
What's the deal? APDC Cleaning ServicesDealroom has a profile for this one. Try Dealroom →, an Orlando-based commercial cleaning and facilities company, closed a $10.5 million conventional term loan arranged by debt advisory firm Commercial Finance Partners (CFP). The 25-year financing closed on September 29, 2026.
Where the money went: Proceeds paid off and closed every merchant cash advance position, retired two hard money mortgages, and paid down $1.9 million of an over-advance from factoring partner AmeriFactors.
By the numbers: APDC has grown to annual sales of more than $75 million. It had been carrying more than $5 million in stacked merchant cash advances, which the refinance clears.
How it's structured: The term debt is secured by two commercial buildings and residential properties in Florida and South Carolina. AmeriFactors stays in place with a $9.3 million factoring facility for working capital, keeping the receivables while the real estate backs the long-term debt.
Why it matters: Swapping short-term, high-cost advances for 25-year amortisation frees up cash flow. "Moving to long-term bank financing frees up our cash flow so we can focus on our people, our clients and growing the company," said APDC president William Hernandez.
Who's involved: AmeriFactors, a subsidiary of Gulf Coast Bank & Trust Company, referred APDC to CFP after years of extending capital beyond its standard factoring line. "Moving the MCAs and part of the over-advance onto 25-year real estate debt took the pressure off the receivables," said Darren Palestine, managing partner at CFP.
The signal: Investors are circling the fragmented cleaning and facilities-services sector — Boyne Capital built a platform around H&B Facility ServicesDealroom has a profile for this one. Try Dealroom → in May, and Blue Sage CapitalDealroom has a profile for this one. Try Dealroom → backed janitorial provider Clean Team in September. APDC's refinance is a different kind of move, restructuring debt rather than fuelling consolidation, but it shows capital continuing to flow to established operators in the space.
Read more: sfnet.com
Image credit: Generated with Gemini
