Lance Peifer
South St. Paul, MN (USA)
Role(s):
Founder/Owner/Principal
LanCha Textiles, Inc
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Startup
Location:
South St. Paul
Industry:
Healthcare
Year Founded:
1985
Number Employees:
1-10 people
Description:
Current company is LanCha Textiles. We contract manufacture healthcare textiles in Alabama and the Dominican Republic. Our sales for 2009 were about $1.8 million. Our company has a solid reputation and just needs a cash infusion to take us to the next level. We are looking for initial cash infusion and a credit line to allow us to buy our raw materials in larger volumes to jump start the move to the DR with our production. This move will save us 12% from day one, and improve to 18% once we are receiving our fabrics directly overseas. I have two large customers who are just waiting for me to get my financing to switch their business. These two customers will generate nearly $2 million in sales in the first year.