FUNDED STORIES

FUNDED STORIES

2017

We funded $23K in paintball equipment for a brand new paintball company located in Alabama. The equipment allows the customer to attract novice and experienced paintball players which in turn will generate $5K+ a month in revenue. We were able to get this brand new start up approved in less than 1 hour.

We funded $8K in automotive repair equipment for a brand new automotive service company located in Florida. This equipment allows the customer to offer additional automotive services that will in turn generate $10K+ a month in revenue. We were able to get the brand new start-up customer approved and funded all within 3 business days.

We funded $4K in kitchen equipment for a startup restaurant in Florida. The equipment allows the customer to better operate their new business. The main challenges on this transaction was a recent bankruptcy, low credit score and light bank statements. We overcame this challenge by using one of our restaurant specific funding lines.

We funded $30k for a Used Commercial Truck for a 2 year old Logging/Hauling and Land Clearing Company located in Pennsylvania. The main purpose of the truck is to upgrade and replace the truck the company was currently using. This allows for a more efficient way for the company to deliver/haul timber and biomass as well as transport the equipment they need to use at job sites. The main challenge was the customer’s low credit score, but we overcame that challenge by providing strong bank statements.

We funded $10K in paintball equipment for a start-up paintball company located in Florida. The equipment allows the customer to do mobile events which will expand their target market and increase their revenue. The main challenge on this transaction was the owner had a low credit score. We overcame that challenge by adding an additional guarantor with strong credit.

We funded $13K for a spray booth for a 3 year old automotive repair company located in Illinois. The equipment allows them to stop outsourcing spray jobs to other shops, which in turn will allow them to generate $10K+ a month in revenue. The main challenges on this transaction were the open judgments and current collections. We overcame those challenges due to the strong bank balances.

We funded $100k in working capital for a pet food manufacture that has been in business for 1 year in the state of North Carolina. The working capital allows him to take advantage of a grant the state is offering on improvements to manufacturing plants in his area. The lessee has a low credit score and high bank deposits, despite the low credit score we were able to get the amount funded.

We Funded $22K in office furniture for an insurance company in California with 9 years’ time in business. This equipment is allowing the company to expand and hire new employees for two new locations. This is our second transaction for this customer. This deal was complicated by the owner having a past judgement. We were able to get a letter of satisfaction and still get them funded for the full amount.

We funded $16K in tables and chairs for a 9 year old party rental company located in New York. The addition of this equipment allows them to put on more events, which will increase their revenue. The customer requested skip payments in January, February and March due to this being a seasonal business and we were able to get them approved in less than 2 hours. This is our fourth funded transaction for this client.

We funded $13K for an air compressor for a 10 year old paintball company located in Canada. The equipment allows the customer to service more customers in a shorter period of time, which will increase their revenue. The main challenge on this transaction was the fact it was a Canadian customer and a US vendor. We overcame this challenge by using one of our Canadian funding lines.

We funded $23K in software for an Electro-Mechanical Manufacturing shop in Connecticut that has been in business for 25 years. This software allows them to upgrade their current systems with the most up to date CNC Cad software. The main challenges on this transaction were one of the vendors being located in Canada and the software being licenses and renewals for 12 months. Despite those two challenges we were able to get the financing for this company at the terms they wanted based on their time in business and strong cash flow.

We funded $8K in ultrasonic cleaning equipment for a brand new cleaning company located in Texas. This equipment allows the customer to take on additional contracts and double their current revenue. This transaction was very challenging due to the start-up nature and current derogatory items on their credit report. Due to the strong bank statements we were able to overcome these challenges.

We funded $7K for a spray booth for an 8 year old collision repair company located in Ohio. The equipment allows the customer to generate an additional $100K in revenue for the year. The main challenges on this transaction were the lower credit and a history of derogatory items. We overcame both challenges with strong time in business.

We funded $125K in surveying equipment for a land surveying company that has been in business for 14 years located in California. This equipment allows them to expand their land surveying capabilities, which will increase their revenue. The business has taken on some recent exposure over the past 12 months but despite this challenge we were able to get the amount funded due to their great personal credit and strong cash flow.

We funded $10K in paint booth equipment for a 3 year old automotive repair company located in South Carolina. The equipment allows them to increase their revenue by providing additional products for their customers. The main challenge on this transaction were the open collections reporting on the credit bureaus. We overcame this challenge due to the strong banks.

We funded $4K for an air compressor for a 5 year old amusement park company located in Ohio. The equipment allows the customer to service more customers in a shorter period of time, which will increase their revenue. The main challenge on this transaction was the 21 legal items on the credit report. We overcame this challenge with the 5+ years’ time in business.

We funded $28K in diesel injection testing equipment for a two year old diesel automotive shop located in Texas. This is our second transaction that we funded with this company. The equipment allows the customer to diversify the type of diesel injectors they work on. The main challenge was low credit but we overcame that due to their cash flow and good pay history.

We funded $8,000.00 in rubber molds for a stone manufacturer that has been in business for 6 years in Wisconsin. This allows the lessee to produce more each day and replace older molds for higher quality. The issue was the company only wanted one of its owners to sign. We were able to get this deal done with only 1 of the 6 owners needing to sign off on the deal.

We funded $67K in office furniture for a business software consulting company with 16 years’ time in business located in New Jersey. The company is opening a brand new location in California and this furniture is going to assist in furnishing the new location. This was an app only, corp only transaction that was funded in less than 48 hours from receiving the application.

We funded an $8,500 high-speed copier for a printing firm that has been in business for 8 years in New Jersey. This was a replacement piece of equipment that allows the lessee to continue to meet existing demand and maintain all current contracts. The equipment is in high demand and the lessee needed to obtain financing quickly or risk losing the equipment it to a competitor. The lessee had several late payments on his mortgage and was not current at time of funding. Despite this challenge, we were able to get the equipment funded within 3 days.