Board Topic: business loan
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business loan

Posted by: Al Pacheco Dec 16 2004, 04:17 PM
I represent a plastic injection molding company. We have been in business for 22 years, were the people that started the chicken and the egg childrens vending machine. Remember, you put a quarter in the chicken coop and it released an egg with a plastic toy inside? Thats us.

We now have over 36 plastic injection machines ranging from 60 ton to 1000 ton machines.

Some of our current clients are Whirlpool, Black & Decker, Applica, Mattel, Fisher Price, etc....

We are looking for investors any ideas???


Al Pacheco
International Quality Plastics
internationalqualityplastics@hotmail.com

Posted by: loanuniverse Dec 16 2004, 08:36 PM
My favorite answer is : Well, It depends!

I do not make my living assessing the value of companies or arranging for private injections of capital in exchange for a piece of the company. This means that everything in this post is an educated guess:

Nevertheless, I think that the first step would be for the current owners to prepare a valuation of the company. This does not have to be done by paying someone to do it. I would not pay for someone to do it unless the person handling the books does not have the skills to do something like this with the help of the General Manager or whomever is in charge.

Armed with this valuation, I would approach other business people in the area to see if they would like to invest. Remember to include how you are going to use the money, and if there is going to be a noticeable positive effect from the infusion is great to document it. If you get a bite, then you would contact an attorney to get the investment done right.

Now if that does not happen, then getting the funds could start getting expensive. On the other hand contacting someone to prepare the valuation and package the offer could make it an easier sale.

/this is all thinking off the top of my head so take it for what is worth
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