Zero months of trading. A $352K sprayer.
A partner accountant sent us a farming client who needed a sprayer, mid-way through splitting the business in two. The borrowing entity was brand new: no trading history, no financials, no income. Approved on forward forecasts, with no cross-company guarantee.
The challenge.
The referral came from a partner accountant. Their client farms, and the farm needed a sprayer: a 2016 Case Patriot 4430 at $352,000. Ordinarily a clean equipment deal. The catch was timing. The business was mid-split. Two owners running two different operations, farming on one side and contracting on the other, and the accountant was separating them for cleaner reporting and room for each side to grow. Which meant the entity buying the sprayer was brand new. No trading history. No financials. No income. Nothing on paper for a credit team to read.
How we structured it.
The lazy fix was a cross-company guarantee from the established side. It also would have defeated the purpose: the accountant had split the entities to keep them separate, and a guarantee ties them straight back together. So we worked directly with the accountant instead. The application was built on forward forecasts for the new farming entity, carried by the accountant's own numbers and the operating history behind them. The deal went to the lender as what it was: a new entity on paper, an established farming operation in practice.
The outcome.
Fully approved. $352,000 over a five-year term, no cross-company guarantee, and the sprayer went to work for the new entity while the restructure carried on around it. The accountant got the clean separation they designed, and their client got the machine without waiting a year to build financials first. That's why accountants keep sending us their clients.
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