Larry Crawford
Lakebay, WA (USA)
Role(s):
Training Labs, Inc.
Find More Startups
Startup
Location:
Lakebay
Industry:
Education
Year Founded:
1982
Number Employees:
INVALID
Description:
Training Labs Incorporated (TLI) is a 26-year old software development company with an established customer base in the Heating, Ventilation, and Air Conditioning (HVAC) industry.
TLI’s Signature products are two software training products each offering 80-hours of tutorials, interactive animation, graphics and simulations.
TLI’s customers include HVAC Trade Schools and Union Apprentice Training Schools.
TLI has decided to expand their software product line by seeking an investment of $250,000 (5 units of $50,000) on a product by product basis.
The Payback: For each product, investors will receive the following:
• Pay-back in 5-years (with monthly payments) on a fully amortizing loan at 10% interest.
• 10% “Royalty Payments” on gross sales of the specific software