ROCK CRUSHING PLANT

Industrydestroyer

Construction

Time In Business

6 Years

Employees

5 Full-Time

Equipment Type

Heavy Equipment

Ticket Size

$75,000 – $100,000

 

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