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Construction/Demolition Project: $6.0 Million - EFFI Finance
Set Up an Internal Startup for your Construction Equipment Rental Needs
Client Situation: When providing union and non-union labor for construction projects, a company must segregate its assets. For union jobs, these assets must not be leased from a non-union entity. Set up an internal startup for inter-company rentals to meet these critical regulations as a construction company.
EFFI Provided: EFFI fulfilled the asset transfer and refinance to establish an internal startup rental company for this construction & demolition business owner.
First, EFFI quantified the value for funding, and then structured a term long enough to provide smooth cash flow for the internal startup. Finally, EFFI provided complete financing for this construction company’s brand new internal startup.
EFFI’s familiarity with the construction industry allowed for a complete take-out financing of all old debt and recasting of the new debt.
EFFI provided Well Priced & Well Structured equipment financing to establish the internal startup rental company, meeting regulations for the parent’s union and non-union construction company statuses.