Traditional Financing Wasn’t An Option

Company: SouthCoast Petroleum

Challenges:

Traditional financing wasn’t an option for them. Secondly, private party sellers are always more difficult to get funding for.

Ideas:

LendSpark utilized the experience of their executive team to thoroughly evaluate the business model and growth potential of the company. We determined that the underlying market potential allowed us to craft a loan structure for optimal growth.

Results:

We funded him for a truck and trailer. Originally, the client came to us in need of just a truck. After he had a great experience with us for the truck, he came back and used us to fund a trailer too.