We have a deal that is ready to go on a company in Florida with $1.3-1.4M in EBITDA and $4M of equipment (at resale value). We are looking for financing of at least $3.5M on the equipment and a separate working capital line of credit (secured by $1M in net receivables).
Does anyone know a good bank or equipment leasing firm in Florida that I should contact about this? No PG is possible for a variety of reasons, but the setup is otherwise quite good for a lender.
Collateralized loans or sale/leaseback of equipment
by a searcher from Hillsdale College
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Also, will be tough to hit your bogie. Equipment is usually 50-60% of appraised value (which is usually through some type of liquidation process) and receivables are usually around 85%.