A ten-year-old machining company in Chapter 11, losing money and located in Canada seeks a $2,000,000 sale lease back on their existing equipment from a bridge lender. This company has tax liens and is considered non-financeable by other equipment lenders. Can they get a commercial loan? Our lender offers a 65% loan to value against a 'put' written against the liquidation value of the equipment, even though the borrower is unable to demonstrate the ability to cover debt service on an historical basis. A commitment from our funding source was provided to the Bankruptcy Court within one week. That is what is so great about this business, so many variations are presented to us to solve. We love it! Larry Potter
President of KIM-LAR INC. PALMS Agent Program www.ATicketToWealth.com
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