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03-09-2021, 05:43 PM #1
- Join Date
- Mar 2019
- Posts
- 105
SEEKING: 609k Equipment Financing Needed
Double post here as unsure where is appropriate to post this.
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, 06:24 PM #2
Give me a call. Let's discuss.
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03-16-2021, 04:33 PM #3
- Join Date
- Aug 2019
- Posts
- 43
We would be interested in this transaction. For $609,000, we would probably need a personal financial statement and tax returns. Would they be interested in a lease if we could do less money down and they can maintain their liquidity?
Feel free to reach me anytime.
Calfalkenhayn@elgallc.com
847-784-0011
-CalCal Falkenhayn | Senior Account Executive
Equipment Leasing Group of America
211 Waukegan Road, Suite 100 |Northfield, IL 60093
O: 847-784-0011 | F: 847-784-0066 | M: 847-922-2729
calfalkenhayn@elgallc.com | www.elgallc.com
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03-16-2021, 04:34 PM #4
- Join Date
- Aug 2019
- Posts
- 43
Accidentally posted the same thing twice.
Last edited by Cal Fal Equipment Finance; 03-16-2021 at 04:35 PM. Reason: Accidental Double post
Cal Falkenhayn | Senior Account Executive
Equipment Leasing Group of America
211 Waukegan Road, Suite 100 |Northfield, IL 60093
O: 847-784-0011 | F: 847-784-0066 | M: 847-922-2729
calfalkenhayn@elgallc.com | www.elgallc.com
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05-15-2021, 01:48 PM #5
- Join Date
- May 2021
- Posts
- 21
Hi Ryan,
we do Equipment financing.
Lease or to own.
Simple qualification process
Top rated providers
Based on annual revenue & time in business.
Up to $1M with a simple 1-page application
Terms from 24-60 months
24 hour credit approvals
FREE application; see what we can do for you:
https://davidallencapital.com/equipm...cing/101220379
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05-15-2021, 01:52 PM #6
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,950
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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06-29-2021, 04:18 PM #7
- Join Date
- Jun 2021
- Posts
- 40
We might be able to help. Please contact me at: jim.rfrcapital@gmail.com.
Jim
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