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Bridge Loan or Alternate Financing

I am in the middle of trying to close a deal with a Chemical Manufacturer. The owners are ready to retire and have no heirs. The company has been around for 7 years. It has currently 3.2M in revenue with NO advertising. I have another 900K in revenue lined up with other customers, putting the revenue at 4.1M for 2012. The EBITDA is about 750K. The owner is going to finance most of the deal 2.7M over 10 years at 3%, with a balloon at the end. My payments to him will be 150K per year. He wants to retain the building and equipment as collateral, which is fair considering the 3% APR. I have to put 1.25M down. I have some cash and some private stock options, but no where near the 1.25M mark. So here is what I am trying to do, I am trying to find a bridge note for one year at 750K, with a one time 6 month extension clause. Rate not to exceed 20%. I have one other investor who will put up 250K, and I will put up 250K. The business has 350K in AR and 350K in inventory. 770-356-8815

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The BAF Group LLC
MD

When you get the deal, let me know. We are looking into dealing with Chemical Manufacturers, for a long term buying proposition. Would like to know about your capabilities.

Feb 7, 2012

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