Environmental Tank Services

Business Stage
Established Business
Industry
Construction
Time In Business
3 Years
Employees
4
Equipment Type
Industrial/Manufacturing
Ticket Size
$10K - $30K
Equipment Purpose
Expansion
Weaknesses (Cons)
  • Open Tax Lien of $13K (currently on a payment plan)
  • Low employee count (shrank from 10 in 2006)
  • Forced to sell off a lot of his equipment from 2008-2010
Strengths (Pros)
  • New long-term contracts in place that will increase revenue to $1MM in 2011
  • Equipment will provide a significant increase in cash flow and the lessee may be able to rent it out from time to time
  • All but 1 employee has been with the company since it started
  • Business owner has more than 15 years’ experience in the industry
Creative Solution
This profile is too low for a typical TEAM approval. The basis for approval was made because the owner landed some new contracts that will increase revenue to above $1MM in 2011. We were able to approve the deal for a term of 30 months, 15% security deposit and 2 PG’s.
Team Sales Rep
Lynn Smith