Equipment Financing Need

searcher profile

May 31, 2024

by a searcher from University of Kansas in Kansas City, MO, USA

A little under a year after my acquisition of a precision manufacturing company in Kansas City, I'm learning that when you do an asset purchase you are considered a "startup" by many lenders until your new entity is at least two years old. I'm trying to buy new equipment to start modernizing our operations. The initial lenders I've talked to will lend to me, but are limiting the amount to about half of what I need. Has anyone dealt with this issue and have some insight or references to lenders who might be familiar with ETA and have more flexibility? Would anyone who does equipment financing like to talk?

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Reply by a professional
from University of Massachusetts Amherst in Boston, MA, USA
Hi Brandon, we help ETA entrepreneurs secure funding for their searches. We can potentially help you out with funding. Could you fill up this form: https://form.jotform.com/ridethewave/funding-ally, and please text###-###-#### or email redacted and I can see if we can help you out.
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Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
Happy to have a discuss. If you are looking at more conventional banks and their standard equipment lending programs, I am not surprised you are hearing this. There are plenty of non-bank lenders that can be much more flexible and look at the history prior to you buying the business. You can reach me here or directly at redacted
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