I have a publically traded company on the AMEX that is looking for a term loan of $5MM
Here is the scenario:
They have been in business for ten years
The owners just took over the company 18 months ago
They are looking for a equity loan based on their equipment
They are looking for a term loan not an MCA
The equipment is $8MM of bitcoin mining machine that are work $2500 each
They have an additional $2MM in assets
They are willing to file a UCC but NOT a personal guarantor
They are willing to disclose companies financials(Income statements, tax returns etc)
Which private lender would be willing to do this ?
Here is the scenario:
They have been in business for ten years
The owners just took over the company 18 months ago
They are looking for a equity loan based on their equipment
They are looking for a term loan not an MCA
The equipment is $8MM of bitcoin mining machine that are work $2500 each
They have an additional $2MM in assets
They are willing to file a UCC but NOT a personal guarantor
They are willing to disclose companies financials(Income statements, tax returns etc)
Which private lender would be willing to do this ?
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