Results 1 to 9 of 9
-
06-08-2020, 10:04 AM #1
- Join Date
- Feb 2017
- Posts
- 3,473
Equity in airplane repair company
Not really a lending request, but its connected.
I was able to accomplish the most incredible deal last week, saving 28 hard working Americans their jobs, by helping my client, someone already involved in that industry, to purchase a similar business that was foreclosed upon by the bank, and would have been liquidated had it not been for our efforts. Special thanks to Rob Destefano at WBL, the teamwork on this deal was absolutely incredible.
That being said, his CFO described this as "white knuckle" time. Due to some competing brokers who made bad promises, he's in need of $300,000 - $500,000 of equity. My client has taken companies from bankruptcy to amazing success before, "This ain't his first rodeo."
INDUSTRY: Airplane Repair and Overhaul, Product Distribution, Commercial and Military Applications. He also converts passenger to cargo and vice-versa.
Kevin, don't worry, I'm following the law, I'm doing my duty to help my client. He really does need $300,000 - $500,000, for which he will provide equity to make this an easy transition, which translates into UP to 5% of equity. He doesn't care if there's 1000 people putting up $500, and even $50,000 would be helpful at this point. He has $15mm of government and commercial contracts he needs to fulfill, and wants to make it easy.
He will NOT take a loan at this stage. He is only offering equity, which will be some sort of preferred stock with year-end payouts on the profits.
Email me, I can send you more information.
-
06-08-2020, 10:17 AM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,509
Are you licensed by FINRA to sell equity invesments?
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
-
06-08-2020, 10:22 AM #3
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 3,001
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
-
06-08-2020, 10:45 AM #4
- Join Date
- Feb 2017
- Posts
- 3,473
Okay okay okay.... I knew this would happen.
Kevin, I'm not looking to make money on it, I just want the best for the client to finish my job. He may likely loans / factoring in the future, and WBL did something super abnormal, I wouldn't want them to feel like they got a bad deal.
Dave, no SBA here. The new company is showing huge huge losses (hence why WBL was the right decision anyway). The CFO is working to get $1mm+ in government grants that are given to the airline industry right now, but they need cash ASAP. His long-term solution takes in about a year is to clawback of millions of dollars of assets that the company sold that it had no right to sell due to the existing liens from the bank, so paying off WBL will not be a problem.
-
06-08-2020, 10:48 AM #5
- Join Date
- Feb 2017
- Posts
- 3,473
And the government / FAA contracts, according to him, are not able to leveraged by law, whatever that means.
He's a bit of a know-it-all, he's only right some of the time, but he claims they legally cannot be leveraged.
However, it's a moot point, you didn't read my message. He is refusing debt at this point, no debt, ONLY equity.
-
06-08-2020, 10:51 AM #6
- Join Date
- Apr 2019
- Posts
- 318
-
06-08-2020, 10:53 AM #7
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,509
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
-
06-08-2020, 11:16 AM #8
- Join Date
- Feb 2017
- Posts
- 3,473
There is Regulation D and Rule 506
However, I don't really care, if someone has a contact in a broker-dealer that wants to get this done, I'd be potentially able to throw it their way.
-
06-08-2020, 07:52 PM #9
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 3,001
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
Similar Threads
-
Credit Repair company Looking for 50K
By socalgav in forum Deal BinReplies: 0Last Post: 07-23-2018, 12:14 PM -
Truck Repair Company
By TedFundy in forum Deal BinReplies: 5Last Post: 07-28-2017, 02:12 PM -
Technology company seeking equity for a green energy process
By FSB in forum Deal BinReplies: 0Last Post: 03-14-2016, 12:44 PM -
Credit Repair Company
By stefmarr in forum Deal BinReplies: 3Last Post: 02-19-2016, 05:02 PM -
company owned by a private equity
By Michael I in forum Deal BinReplies: 5Last Post: 02-18-2016, 04:32 PM