Poultry Production and Processing

Business Stage
Established Business
Industry
Manufacturing
Time In Business
5 Years
Employees
75 Full-Time
Equipment Type
Industrial/Manufacturing
Ticket Size
$30K - $50K
Equipment Details
Packaging Equipment
Equipment Purpose
Expansion to fulfill existing contract obligations
Weaknesses (Cons)
  • Agriculture industry
  • 2 owners had previous tax liens but were on a payment plan
  • Equipment was specialized to the industry- harder to resale
Strengths (Pros)
  • Very high revenues
  • Largest egg producer in west coast
  • Owners involved in industry their whole life- 2nd generation
  • Owners pay themselves W-2 salary
  • High employee count
  • Not subject to seasonality
  • Long term contacts with large companies
  • 6 PG’s
  • Equipment was essential to fulfill contracts
Creative Solution
24 month term, 15% SD, 6 PG’s- this was a near standard credit having reached exposure limits elsewhere
Team Sales Rep
Martin Lacayo