Congratulations Chamir Shivers of Amerifi, LLC securing and funding $250,000 to an $8mm revenue American Manufacturer of Paperboard products.
This company meets today’s growing needs of the printing and folding carton industry for quality paperboard products. Our client turned to Amerifi with the hopes of raising a total of approx.$2,000,000 in capital. After working with the CFO & CEO diligently, learning and understanding the needs of the business and also the hurdles the company has been facing, Amerifi stepped in and was able to put a total hybrid package together, custom to their needs.
This package consists of a fast $250,000 advance as a bridge loan (completed & funded in 2 days), while working on a $1.5mm receivables Line of credit & a $400,000 equipment loan simultaneously.
The biggest challenge was working around back to back minor losses in 2016 & 2017 caused by a 60% growth spike in business. This reason alone took the bank out of the equation. It’s intricate deals like this that Amerifi prides itself on, putting all the pieces together for our clients and leveraging any and all assets for the absolute best results.
Our mission is to continue to deliver lower cost finance products to help American businesses grow!
We specialize in low cost consolidation options, term loans, lines of credit, asset based lines & more.