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.