Q1 FUNDINGS THAT WILL GET YOU PAID!
Let Slim Capital help you get your deals funded so you can get paid for any summer vacations you might be planning!
2022 is off to a GREAT start with a record-setting Q1!
Here are a few recent samples:
$300,000 WORKING CAPITAL FOR A 3RD FRANCHISE LOCATION
WHO – SPORTS BAR AND GRILL
WHAT – WORKING CAPITAL TO OPEN ANOTHER LOCATION
WHERE – NEW JERSEY
WHY – This company came to SLIM Capital because they knew we could help them with their working capital needs to open up another location. They had a free and clear rental property in Rhode Island that they could leverage to secure the working capital loan. So many other lenders still are very cautious with lending to restaurants. Not SLIM Capital, we were able to see the success of the other two franchise locations and understood the importance of getting the 3rd location open. We were even able to get them a 60-month term so they could get ramped up.
CHEERS TO BUSINESSES CONTINUING TO GROW!
$300,000 FOR A NEW GRAPPLE TRUCK
WHO – TREE TRIMMING AND EMERGENCY RESPONSE SERVICES
WHAT – 2022 GRAPPLE TRUCK
WHERE – PENNSYLVANIA
WHY – This 28-year-old Pennsylvania-based tree trimming business is booming with business and has some upcoming projects that need to be completed ASAP! With our APP ONLY product we were able to get this request in and processed with an approval in 24hours. They were pleased to get the truck they needed and not have to wait any longer.
TIME TO TRIM YOUR TREES FOR THE SPRING!
$550,000 FOR FOUR PRODUCTION TRAILERS TO HELP KEEP UP WITH DEMAND
This transportation company has been providing luxury trailers and motorhomes to the entertainment industry and celebrities alike. When COVID hit they saw a slight decrease in business for a short period of time. But when things started to open up again they began to see a huge demand for their transportation vehicles and production trailers. And with social distancing required, the demand for additional vehicles increased to meet the COVID restrictions. They had to act fast to increase their inventory of trailers so they did not lose business. So they called SLIM to help them get what they needed and keep providing quality services to their clients. Despite their revenues being 10% lower than the previous year, they have already secured new contracts for future rentals. They are now on track to increase their business this year and return to pre-COVID revenues.
THE SHOW MUST GO ON!!
$285,000 FOR A LOGGING COMPANY THAT NEEDED A LOADER AND TRAILER
WHO – LOGGING INDUSTRY
WHAT – USED LOADER AND TRAILER
WHERE – LOUISIANA
WHY – Logging is a cautionary/restricted industry that has been difficult to get financing. And then add in the fact, that this logging company is located in Louisiana. The state of Louisiana is a tough state to do business in, due to the consumer/borrower protection laws. SLIM Capital was able to look past those challenges and dig deeper into the company and borrower’s success over the years. And furthermore with this being an APP ONLY request, SLIM was able to get it funded quickly.
HAPPY CAMPERS ALL AROUND!
$118,000 FOR A TRUCK THROUGH A PRIVATE PARTY SALE
WHO – A CARGO COMPANY
WHAT -2021 FREIGHTLINER TRUCK
WHERE – CALIFORNIA
WHY – This broker came to SLIM Capital with a transaction that had some obstacles that most lenders would not want to get involved with. This cargo company was owned and operated by the owner for only 11 months but has had 6 years of experience in the industry. The company currently had one truck but wanted to add an additional truck to keep up with demand. The truck that was to be purchased was through a private party. Being that SLIM Capital is a CalCap lender we could stretch to make the deal happen. SLIM was able to pay off another lender for their current truck and finance the private party sale. Everyone was happy!
KEEP ON TRUCKING IN THE GOLDEN STATE!