Results 1 to 5 of 5
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03-09-2021, 05:41 PM #1
- Join Date
- Mar 2019
- Posts
- 105
SEEKING: 609k Equipment Financing Needed
Hello all,
Details on file below.
IND: Direct to consumer retail (food)
TIB: 11/2018
CRE: 750+ (young man, so credit is relatively thin)
REV: 400k month, but February is down signicantly (more on that below)
ADB: 60k (no OD's or NSF's)
POS: 1 balance w/ Shopify Capital, around 22k
LOF: $609,266 for industrial food manufacturing equipment to increase margins (Client already put $261,114 down on the total price of $870,380)
OWN: 2 active owners. One with 29%, the other w/ 25%. The remaining owners are investors with no more then 12.5% ownership.
Additional Notes from Merchant:
"Revenue is down in February... so we actually are scaling back until the machine is in place (June). The way these are made by hand right now, our cost per bag is pretty high, thus we're burning cash right now. So with the machine in place, our margins grow to 60%+. So with the manual labor right now, cost per bag is high, and Q1 advertising is always higher than Q2-Q4, so we've pulled back advertising, labor, etc. until Juneish. So Feb-May/June we will likely do about ~$120-150k a month where we will/should profit/break even. Once the machine is in place, margins are crazy and we'll be profitable."
Anyone have a home for this? Equipment Financing Only. No MCA's.
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03-09-2021, 05:49 PM #2
- Join Date
- Feb 2017
- Posts
- 3,450
Is the equipment extremely specialized? If not, shoot me an email, I can help you get this done.
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04-14-2021, 11:32 PM #3
- Join Date
- May 2015
- Posts
- 9
Give me an email address, maybe we can help. Hope to hear from somebody.
Reggie Truss/Loan Father
loanfather336@gmail.com
419-531-8433
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05-15-2021, 02:07 PM #4
- Join Date
- May 2021
- Posts
- 21
Hi Ryan,
I tried to post before but it didn't seem to work- so apologies if it ends up posting twice (new to the forum).
We do equipment financing.
Up to $1M with a simple 1-page application
Terms from 24-60 months
24 hour credit approvals
Simple qualification process
Top rated providers
Based on annual revenue & time in business
Purchase new or pre-owned eqiupment
Acquire commercial vehicles
Upgrade technology, software and more
FREE pre-application online: https://davidallencapital.com/equipm...cing/101220379
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05-18-2021, 07:58 AM #5
- Join Date
- May 2021
- Posts
- 12
We can go up to $1M on EF at Kapitus, DM me so we can connect
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