Doneen Chandler
San Antonio, TX (USA)
Role(s):
Center Pointe
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Startup
Location:
San Antonio
Industry:
Energy
Year Founded:
2006
Number Employees:
INVALID
Description:
I am seeking startup capital for my client requesting $16M. Loan collateral/Security is in real property & minerals located in TN with a minimum estimated value of $40M. LTV is 37.3% of minimum estimated value of land, timber, rock and coal and 18.0% at maximum estimated value of same. Rising energy prices make the estimated values, some of which were made in 2000, increasingly conservative over time. Funds would be used for wood fuel processing and sales company with a projected annual operating cash flow in Year 1 of $2.7M, Year 2 $13.2M and Year 3 $19M. Marketing to Fortune 500 Companies has been completed with 3-year agreements covering 60-70,000T per month (50% of capacity with back up and excess capacity marketing plans in place to take advantage of high and rising energy prices