Synthetic Biotechnology Company
The Customer Artificial intelligence powered synthetic biology company The Challenge Company looking to preserve cash within a challenged market of raising capital Company had very little revenue. Company was waiting to recognize milestone payments from their customer’s drug submission. Done Deal. FNC approved $8,000,000 in financing for various lab and testing equipment. FNC was growing […]
Medical Equipment Manufacturer
The Customer Medical Device Manufacturer The Challenge Company needed 18 months of progress payments. Most lenders were comfortable with 12 or less months. Company was looking to fund within a tight 45-day window. Company could not pay for the equipment and get reimbursed because that would breach a covenant within their credit agreement. Highly […]
Leading Protein Processor
The Customer Food Manufacturing Company, Co-Op The Challenge DSCR was tight at roughly 1:1 and had ben declining in recent reporting periods Company was in transition of decreased volume from its largest customer Equipment being financed was specialized specifically for companies needs Company was relying on a contract from a big box retailer with certain […]
Mold and Tool Manufacturer
The Customer A technological disruptor in the mold & tool manufacturing space The Challenge The company has made several acquisitions in its first few years of existence. Balance Sheet Leverage continues to climb with new acquisition debt, requiring a waiver and reset of covenants Due to high growth rate, facility consolidation was required Incumbent lender […]
Ice Cream Manufacturer
The Customer Manufacturer of ice cream & novelty products. The Challenge The company struggled with several challenging years during and after the COVID pandemic A critical raw material for their business saw prices skyrocket, negatively affecting their margins The company had invested substantially into CapEx in the years preceding the pandemic Lessee needed additional liquidity […]
Oil and Gas Services
The Customer Upstream Oil & Gas, Forging, and Machining Company The Challenge The company had been recovering from the COVID impact, below average EBITDA, and compressed EBIT The company’s largest business segment was in O&G drilling, a highly volatile industry The company was coming up against a debt maturity, which had significant implications if […]
Family Office
The Customer Family Office The Challenge The company requested cash out for year-end balance sheet treatment. There were two Phenom 300’s that needed to be refinanced. One was a cash out deal and the second had a balloon coming due. One of the Phenom 300’s is a specialized aircraft and it’s utilization is in aerial […]
Start-up Charter Company & Flight School
The Customer Start-Up Charter Company & Flight School The Challenge A start up charter company and flight school. The owner added a new CJ3+ & the Flight school added two Diamonds Piston 62’s and 40NG’s trainers to start this operation. The start up company had not even completed a full year of financial statements. We […]
Emergency Services
The Customer Ambulance and EMS Provider The Challenge The company is a subsidiary of a larger parent company. But they have the ability to make decisions to purchase ambulances on the company level. We requested and received internal financial statements with the credit package. We quickly uncovered that the company does not prepare a corporate […]
PE-Backed Healthcare Provider
The Customer Private Equity Sponsored Healthcare Provider The Challenge High growth, needed additional liquidity Equipment was located in 3rd party locations, from physicians offices, to hospitals, to homes Done Deal. We were able to get comfortable with the growth trajectory and story to fund against these essentially unsecured assets Provided a ~$1.8MM Sale-leaseback to provide […]
