SLIM Capital Completes A $2.2MM Funding for a Tire Shredding Company

SLIM Capital completed a transaction totaling $2.2 million in August 2020, for a tire shredding company in the Lone Star State. These long-time tire recycling veterans have been recycling used tires from various facilities throughout TX. As part of the tire recycling process, there was in excess of 80% of the inventory that was going to waste. They came to us looking to purchase a $2.2MM tire shredding machine that will allow for this wasted material to become useful mulch and raw materials in other sellable products. The challenge with the deal was that there were significant distributions of equity due to a divorce settlement as well as tight cashflow in our debt service calculations. Upon speaking more with the lessees, we learned that they were spending in excess of $500,000 in landfill and transport costs related to the unusable materials. We managed to add this figure into our calculations and were able to get comfortable with 100% FINANCING with NO ADDITIONAL COLLATERAL. This new opportunity will create a yearly revenue of over $1MM a year. HELPING THE ENVIRONMENT ONE TIRE AT A TIME!

This transaction along with the many others that were funded in the month of August spanned a spectrum of industries and asset classes, including transportation, equipment rental, medical, information technology and construction.

About SLIM Capital

SLIM Capital, LLC is a nationwide direct finance company that specializes in financing equipment acquisitions for our clients. We have credit-based programs as well as collateral-based programs that secure hard assets to structure financing transactions. We consider equipment with a strong secondary market value, real estate and other assets that can be easily monetized as collateral. With over 40 years of experience between the two lead partners, we have a wealth of knowledge and skill in recognizing deals and formulating structures efficiently and effectively. For more information, please contact us at: deals@slimcapital.com or visit Slim Capital website at www.slimcapital.com.