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Private Lender Needed for a 50% Equity Position Purchase in Manufacturing Company

I recently had a 50% equity position purchase deal ($375K) fall apart when the seller suddenly reneged on pledging a lender required 100% of the manufacturing company's AR and equipment as collateral for the buyer’s $300K loan. The manufacturing company has solid historical annual revenues of $3M+ and Net income of $500K-600K per year. The seller is willing to pledge 50% of the company’s net AR and equipment as collateral for the loan, with conditions, so I think an private lender may be required for this deal and we are open to suggestions.

Douglas Batts

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Answers (1)
Jerry Starr
Insource Funding
Private lender / Hard Money
FL

i need more clarification, please call me when you can

Jerry Starr
Insource Funding
561-318-3104

Apr 26, 2016

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