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11-28-2018, 06:45 PM #1
Reputation points: 31
- Join Date
- Apr 2017
- Location
- Orange County, CA
- Posts
- 93
$5,000,000 Term Loan (equity offered)
The main 3 partners of a fast-growing company are looking for a $5 M term loan. The main purpose is to buy out all the minority shareholders for about $3.5 M and use the rest for inventory, marketing and product development. Through 3rd quarter their revenues are $9.7 M with a net income of $3.27 M. They are currently a little ahead of their projected revenues which are $15.1 M for 2018 after launching in late 2017. Their products are patented and trademarked. They have proven, scientific results and are a leader in the fast-growing market segment of keto diet. Two of the partners have credit in the mid to high 600s, the third is in the mid 700s. Not a ton of assets that are easily leveraged (homes with some equity, some small stock holdings, jewelry, etc.) but their revenues more than support the loan. They are will to offer some equity for the right deal, they are trying to buy back the 35% they sold before the option expires and the company value jumps. This loan would pay off 35% equity position, they will entertain rate and equity discussions.
If interested please direct message me.
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