Below you will find five more good examples of transactions funding in the OneWorld Business Finance Coop today. By the way, when’s the last time you had a lender offer prefunding to your vendors, and actually do it?
CNC Finance with stated balloon: A glass and glazing contractor acquired a $375,000 CNC (computer-navigated-control) machine. The Colorado firm with time-in-business since the mid-1990s will make 60 monthly payments and a 10% final balloon payment to purchase the equipment at the end of the term.
Prefunding: A Texas metal finishing firm doing business since the 1990s purchased coating system equipment using a 60 month EFA (equipment finance agreement). We prefunded 40% of the system in order to meet all parties’ cash flow requirements.
Micro-ticket: An architectural design business out of California purchased an essential $6k printer over 34 months with a 10% PUT at the end of the term.
Software finance: A Wisconsin manufacturer of printed circuit boards purchased about $42k in equipment and software over 48 months. The firm, with almost 40 years time in business, acquired the essential air compressor and software using our EFA structure.
Small-ticket: A legal services provider out of Minnesota purchased a $13k phone system over 60 months on an EFA.
Tabbing system finance: A Florida printer acquired a $75k tabbing system over 60 months by using the EFA product.