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Here are some of the success stories that ALP Ltd. is proud to be part of. These examples represent a cross section of the types of financing and equipment brokerage deals that we can arrange.
Surplus Equipment Sold
A client came to us with two pieces of sophisticated manufacturing equipment that they no longer needed. ALP Ltd found buyers for both. One buyer was a company in Grand Bahama, the other was a manufacturer in Kentucky.
Acquisition Financing- $200,000
+ $87,000 +$50,000 + 20,000
An entrepreneur came to us looking for financing help to purchase an existing business. From a major charter bank, we were able to secure a $200,000 inventory line of credit, an $87,000 term loan for fixtures and equipment, a $20,000 Visa card for the business and $50,000 in transition financing from the BDC.
Franchise Financing- $98,000
A new entrepreneur wanted to purchase a franchise. Her local banker told her “no.” After examining the deal and changing the presentation, ALP Ltd. was able to submit the request to a major bank and had it financed under the CSBFA program. (Federal Small Buisness Loan)
Commercial Mortgage- $962,000
The client’s business was in transition and had not been showing consistent profits, ALP Ltd. found a mortgage lender that did not require financial statements!
Construction Equipment- $85,000
The client is a startup! ALP Ltd. was able to arrange 80% financing over 36 months on used equipment. Some of the machinery was over 27 years old. There was no outside security placed on any other assets!
Pizzeria Startup- $15,000
Our client wanted to open a European style pizzeria. ALP Ltd. was able to find a leasing company to finance 80% of kitchen equipment including ovens, prep tables, mixers, etc...
Short Term Advance- $13,800
A small business client needed a short term advance to pay suppliers in order to fulfill some lucrative purchase orders. ALP Ltd. found a lender to provide a short term advance until the invoices are paid.
Business Operating Loan- $1,100,000
The client was in an industry that the banks didn’t like even though there were positive earnings every year. By using real estate as collateral, ALP Ltd was able to secure a $1.1MM operating loan. For maximum flexibility, the loan is completely open for pre-payments and the client is only obligated to make interest payments each month.
Service Company- $20,000 to $50,000 /m
A service company that helps large industrial clients was in a bit of a cash crunch. They have their employees on-site at major construction locations and need to make payroll every two weeks. The problem: their customers were only paying them in 60 to 90 days. ALP Ltd was able to set up a factoring facility to turn those receivables into cash today. The result: less strain on operating capital.
Specialty Café Kitchen Equipment- $5,300
A specialty café was dealing with a major lender during their startup phase. Because of cost overruns for renovations, they were short of money for kitchen equipment. The big bank lender would not extend the loan. ALP Ltd was able to arrange a lease for the needed equipment.
Industrial Services Company- $24,000
An industrial services company found itself in violation of operating covenants under its bank loan. The schedule A bank called its loan creating a disastrous problem for the client who had to use all their operating capital to repay. On top of this, the client was growing and needed more equipment to satisfy upcoming contracts. ALP Ltd. was able to find an equipment leasing company to finance the new equipment at rates competitive with the bank’s loan.
Real Estate Development Facility- $1,000,000
A developer was faced with two great opportunities simultaneously that could not be passed up. The problem: they did not have enough capital to develop both properties at the same time and wait for tenants to be signed up. ALP Ltd. found a development lender that was willing to fund their construction even though no tenants were present in either property!
Gas Station Mortgage- $130,000
A gas station owner wanted to refinance his property. The problem is that almost all lenders are afraid of pollution issues. ALP Ltd. was able to find a lender to make a loan on the gas station that did not require a Phase 1 environmental report!
18 Unit Apartment Complex- $470,000
An investor was looking for a great rate on a mortgage to purchase a rental property. ALP Ltd was able to find a lender offering an interest rate 1 percentage point below his banker’s best offer. Additionally, ALP was able to arrange for the down-payment by refinancing one of the investors other properties. This investor is able to take full advantage of leverage and save almost $4,700/year in interest expenses because of ALP Ltd.’s services.
Construction Facility- $650,000
A client who needed to build a specific-use building was having trouble finding a lender that would extend credit for non-standard real estate. A local lending institution referred the client to ALP Ltd. Because of our exhaustive list of bank and non-bank lenders, ALP was able to place the client with a lender that has an appetite for these projects.
Purchase of a Beauty Salon Business- $45,000
A client wanted to purchase an existing business in a leased location. ALP Ltd. was able to find financing for 90% of the purchase price. Instead of using a government guaranteed loan program and incurring additional fees and higher interest, ALP Ltd. was able to do the deal by securing a business line of credit featuring a floating interest rate of prime plus 2%. This gives the client the maximum flexibility in repaying the debt and lower borrowing costs over the long run.
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