Utilities and Oil Service Provider

Business Stage
Established Business
Industry
Service
Time In Business
4 Years
Employees
70 Full-Time
Equipment Type
Heavy Equipment
Ticket Size
$70K - $100K
Equipment Details
Titled Vehicle, Commercial Grade Landscaping Equipment
Equipment Purpose
Expansion
Weaknesses (Cons)
  • Used equipment- older than usual, early 90’s
  • Personal FICO scores were low 600’s
  • Company had no D&B paydex
Strengths (Pros)
  • Overall TIB 4 years (incorporated 2)
  • High employee count
  • Large contracts with major companies
  • Revenue in excess of $2MM and growing
  • Full time accounting staff
Creative Solution
36 month term, 10% security deposit, additional collateral from high valued titled vehicles
Team Sales Rep
Lynn Smith