Rock Crushing Plant

Business Stage
Established Business
Industry
Construction
Time In Business
6 Years
Employees
5 Full-Time
Equipment Type
Heavy Equipment
Ticket Size
$70K - $100K
Equipment Details
Scales
Equipment Purpose
Expansion
Weaknesses (Cons)
  • Low annual revenue
  • PG’s had slow pays on personal credit
  • PG with 20% ownership had limited credit, FICO’s were low 600’s
  • Low employee count
Strengths (Pros)
  • Family operated business, father and son
  • Agreed to a shorter term and cross corporate guarantee
  • Cross-corp doing $1,400,000 in gross sales
  • Obtained a 2nd lien on the property where the scales were being installed
  • The business had been operating since 1950
  • Owners spouse owns a hair salon and brings in an additional income of $50,000
  • New scales will increase revenues by $175,000 annually
Creative Solution
We were able to obtain a cross corporate guarantee from the lessee’s other business($1,400,000 annual revenue), they agreed to a shorter term of 24 months, 10% refundable security deposit, 2nd lien on land and building.
Team Sales Rep
Lynn Smith