A husband and wife own and operate a technology training firm which
qualified under the Section 8(a) assistance program. The Navy needed instrument training
services immediately in order to prepare its pilots for combat.
The Navy wanted to award the contract to an 8(a) qualified firm.
The training simulator that could provide the training services cost over $3 million dollars.
Since the firm did not qualify for a $3 million loan, the local banker required the husband
and wife to personally guaranty the loan. That is, if the Navy stopped paying for training services,
the husband and wife would lose their multi million dollar home.
Also the terms of the loan required an adjustable interest rate. Are interest rates going up at your local bank?
Anderson Funding was able to pay off the local bank and assume the risk of the Navy cancelling the contract.
The husband and wife were able to sleep peacefully again. Call Anderson Funding
if your local banker has tied you and your business up with adjustable interest rates, excess restrictions
and unfair covenants like personal guarantees.
An information technology company won a sole source lease contract
requiring the IT company to provide servers to the Department of Defense in only a matter of weeks.
The company had to pay its suppliers in 30 days.
At the same time their local bank reduced and restricted the lines of credit.
Desperate, the company found a leasing company
inexperienced in the federal rules. This inexperienced leasing company mistakenly asked the
Department of Defense to sign additional leasing paperwork. The Department of Defense said no
and the leasing company withdrew its funds from the IT company.
Anderson Funding heard about the IT company's predicament
and had the experience and networks to buy the servers with no additional paperwork necessary in time for
the IT company to pay its suppliers. Lawsuit averted.
The Department of Energy Oak Ridge Laboratory needed to build the fastest
supercomputer in the world to catch the Japanese. Such a supercomputer would cost upwards of $200 million and
the Department of Energy did not have the budget to buy the computers as quickly as they wanted.
Working side by side with Cray over 90 days, Anderson Funding was able to structure a cancelable payment plan
to finance the initial three installations and upgrades. The financing was structured to exactly match the
payment size and fiscal year timing to meet the DOE fiscal year budget constraints.
With Anderson on its team, Cray booked a nonrecourse sale more quickly then they had anticipated in time to satisfy
anxious investors.
Are you a public company that needs sales this year? We can offer the highest purchase price for your monthly lease
or
cost per test payments.
Fastest Supercomputer
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