Contract Manufacturer
The Customer Contract manufacturer – Canned beverage manufacturer/Co-packer The Challenge Newly formed company (less than three years in business) Very little historical revenue & historical losses Large CapEx requirement needed to fulfill new customer contracts ($17MM) Rapid growth with minimal liquidity & no working capital LOC Majority owner did not want to personal guarantee. 12 […]
Food Distribution – TPO
The Customer The company is a family-owned, food distribution business serving both local and regional customers to a wide variety of retail trade centers, restaurants, food processors, among others. As the company continues to grow, the customer was seeking $1.25MM in financing for the buildout of a cold storage freezer system for the purposes of […]
Aviation: An Amicable Separation
The Customer HNW individual that owns a full-service real estate investment and management firm with a portfolio in the multi-billions. The Challenge One owner wanted to buy the other owner out on a Gulfstream G550. First National was patient with the two owners as they negotiated the purchase price of the plane in a volatile […]
Aviation: Eyes On The Horizon
The Customer HNW individual that owned multiple skilled nursing facilities in the Northeast part of the US. The Challenge This individual wanted to buy a Gulfstream G550 but would not fly it himself. Instead, the plane would be used for charter and charity flights all around the world. The borrower did not have a company […]
Plastics Manufacturing
The Customer The company is a $125 million plastics processor (thermoforming, extrusion, rotomolding) and manufacturer of recreational equipment. The Challenge The customer historically used operating cash flow to rent trailers for temporary storage of their ever-increasing inventories. The need for additional inventory storage was most critical during their annual pre-selling season cash crunch and they […]
Semiconductor Manufacturer
The Customer The semiconductor company manufactures analog integrated circuits for more than 300 customers worldwide in growing markets such as consumer, automotive, medical, industrial, and aerospace & defense, among others. The Challenge The customer had an approval with a global bank and after one portion of the $8.5 million project was near completion, the bank closed […]
Healthcare Provider
The Customer The company is a national healthcare service provider with more than 30,000 employees and physicians dedicated to providing the highest quality healthcare. The Challenge The customer had millions in overdue invoices (6 -9 months old) with equipment vendors due to a leasing company’s inability to provide committed financing for their specialized IT collateral at 15 different […]
Civil Construction
The Customer Located in North Carolina, the company earns more than $200 million offering heavy civil construction services focused on renewable energy, commercial, industrial & civil construction, and maintenance services. The Challenge Five new cranes we required to support recently awarded and highly profitable wind development projects. Coming off a challenging prior year of large […]
Mining Company
The Customer The customer is a publicly held mining operation with over $500 Million in revenue operating in the precious metals mining business. The company was founded in 1891 and operates internationally as well as domestically. The Challenge Underground mining equipment many traditional lenders view as higher risk Assets located in Alaska, Canada and the […]
