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No PGs, No Problem
How a Multi-Unit Franchise Operator Consolidated Debt and Secured Funding for Location #5
Client Overview: Some information may be obfuscated or generalized to preserve client privacy
After years of leaning on personal guarantees and high-cost debt, S****** G***** partnered with Harvest to clean up their capital stack, establish EIN-based credit, and qualify for institutional expansion funding. With their 5th location underway, they’ve shifted from bootstrapping to bankable.
Client Profile:
Business Name:
S****** G*****
Industry:
Multi-Unit Fast Casual Dining (QSR Sector)
Years In Operation:
6 years
Ownership Structure:
LLC with three equal partners (33.3% each)
Employee Count:
52
Gross Revenue:
$8.64M
Net Margin:
10.20%
EBITDA:
Not Provided
Financing Profile:
$375K in MCA debt (>35% APR), $200K SBA startup loans (PG), declined equipment funding
Challenges Presented:
- PGs on all debt, limiting personal and business flexibility
- Denied for loan on 5th unit due to weak EIN credit profile
- Cash flow gaps caused by produce order + payroll timing
- UCC filings blocked access to institutional capital
Key Objectives:
- Eliminate PGs from credit and loans
- Consolidate MCA debt with long-term structured capital
- Build D&B and Experian credit to 80+/70+
- Secure $325K for new store equipment and prep area
Actions That Drove Change
EIN-Based Credit Activation
Built D&B, Experian profiles; added vendor trade lines
Debt Restructure & Cost Reduction
Refinanced $375K stacked debt into 5-year term @ 10.2%
Compliance & UCC Resolution
Cleared legacy UCC filings, updated EIN/public records
Capital Access Matching
Matched with franchise-preferred lenders for build-out funding
Results After 120 Days
80 PAYDEX and 76 Experian score achieved
Lender confidence restored, enabled institutional access
$375K MCA replaced with 5-year loan @ 10.2%
Monthly debt payments cut nearly in half
$200K line of credit obtained with no PG
Founders protected while enabling seasonal liquidity
Pre-qualified with 2 franchise lenders
$325K in build-out funding ready for Location #5
Resources For Manufacturers
Commercial Contracting
Fleet Expansion - 27% Increase in Revenue in <6 Months
Commercial Contracting
Fleet Expansion - 27% Increase in Revenue in <6 Months
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