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  1. #1
    Senior Member Reputation points: 5633
    Join Date
    Mar 2019
    Posts
    104

    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.

  2. #2
    Senior Member Reputation points: 2902 JParr's Avatar
    Join Date
    Feb 2020
    Location
    Washington DC Area
    Posts
    113

    Give me a call. Let's discuss.
    Joshua Parrish | SLIM Capital
    (415) 938-4977 | josh@slimcapital.com
    www.slimcapital.com

  3. #3
    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

    -Cal
    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

  4. #4
    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

  5. #5
    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

  6. #6
    Senior Member Reputation points: 81655
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,854

    Quote Originally Posted by ryanh View Post
    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.

    SBA 7(a) Loan
    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

  7. #7
    We might be able to help. Please contact me at: jim.rfrcapital@gmail.com.

    Jim

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