Gabriel Benisty
New York, NY (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
Coal & Metals tech
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Startup
Location:
Spring Glen
Industry:
Manufacturing
Year Founded:
2007
Number Employees:
10-50 people
Description:
As we have spoke, Our new company Coal and Metals Technologies (CMT) will start its operation with its founders contributions of hard assets, valued over $2 Million and between $1 - $1.5 Million in cash.
We are seeking for $4 Million in debt financing. 90% of the loan will be allocated for the purchase of hard assets and raw coal.
If the bank is licensed to lend in Pennsylvania, then 80% of the loan will be guarantied by the USDA.
The Company collateral's value (hard assets only) will start (post funding) at about $5.5 M, within the first 6 months of operation, that value will grow to $9 Million and within the second year that value will grow to $20 Million, not including the values of the inventory and receivables.
The founding partners have over 20 years in the production, and sales into same industries.
See attached executive summary, and financial proforma projection.
The Founders cash Investment and the $4M loan will be used to purchase;
The attached Equipment list and their quotes, a 23,000 SF Building at $450,000, plus raw coal.
If your bank is interested we will send you more info. However we would like to know the general terms of what could be (subject to) your bank offer.
Looking forward,
Gabriel Benisty c/o CMT (Phone # removed)