[SIZE=7] I AM LOCATED IN SOUTHERN LOUISIANA ABOUT 60 MILES NORTHWEST OF NEW ORLEANS, AFTER THE 2 HURRICANES AND THE FEMA DISASTER I DECIDED TO OPEN A WATER BOTTLING FACTORY. THIS INDUSTRY IS THE FASTEST GROWING BEVERAGE INDUSTRY IN THE US. ALSO OUR AREA SEEMS TO BE ALWAYS NEEDING WATER FROM OTHER STATES. I HAVE 2 ONLINE BUSINESSES NOW THAT PRODUCE APROX 600 - 1,000,000.00 A YEAR IN GROSS REVENUES. I OWN THE BUILDING TO BUILD THIS PLANT IN ( 35,000 SQ FT ON 5 ACRES ), AND I OWN AN ARTESIAN WELL THAT CAN PRODUCE 100,000 GALLONS A DAY OF PURE DRINKING WATER. I HAVE CURRENT CASH FLOW WITH 2 OTHER BUSINESES AND FACILITY HAS PLENTY OF ROOM FOR EXPANSION 4800 SQ FT OF OFFICE 13 OFFICES EMPTY. SO HERE IS THE BALANCE SHEET
1) ASSETS
A) INVENTORY 200,000.00
B) MACHINERY & EQUIPMENT 100,000.00
C) BUILDING AND PROPERTY 800.000.00
D) WELL ITSELF 200,000.00
E) CASH 80,000.00
TOTAL ASSETS 1,380,000.00
2) DEBTS
A) BUILDING MORTGAGE 300,000.00
B) CREDIT LINE 350,000.00
TOTAL DEBTS 650,000.00
3) EQUIPMENT NEEDED TO PURCHASE
TO START UP PLANT
A) BOTTLING LINE 200,000.00
B) 2 TRUCKS 100,000.00
C) BOTTLES 50,000.00
SO BASED ON THESE ROUND FIGURES I HAVE
ASSETS INCLUDING NEW EQUIP & TRUCKS $ 1,730,000.00
I HAVE TOTAL DEBT TO PAY OFF $ 650,000.00
I WOULD LIKE A LONG TERM LOAN OF $ 1,000,000.00 ON 20 YEAR PAYOUT AND PAY OFF OLD LOANS.
WHAT IS MY BEST CHANCE, MY CREDIT SCORE IS OK BUT IS HURT BY MY CURRENT BANK ( 2 RENTAL HOUSES I BOUGHT THE MORT'S WERE MESSED UP BY MY OLD BANK OFFICER AND WE ARE STILL TRYING TO FIX)
LET ME KNOW
RMAC715