The problem is the two other banks that he took this deal to did not see it the same way he did. They just thought he was expanding way too fast and needed to wait until his other two companies were a little more established before they lent him any money for a third project.
He then went to Ivanhoe, and we thought that this third business was exactly what he needed and had no problem with his lofty expansion goals. This acquisition made perfect sense as to why it would put him in a different position when it came to cashflow. There was no doubt that he would be in a better position buying it now than waiting till the banking world felt more comfortable.
These other two banks were more scared to fail than anything. You will never be a major player in this industry if you play not to lose. You will always be hesitant, and it will be evident in everything you do. Here at Ivanhoe we make sure we cover all the bases. However, we play to win…and for our clients to win!
We were able to secure $1.25M of the $1.55M for Ram’s expansion and he was very happy and will do very well now knowing his financial future is way more secure!
We Won't Waste Your Time
Let me be blunt. Here at Ivanhoe Capital, we structure deals to close and we don't waste you or your client's time. We want to get deals done and if we can't, we let you know RIGHT AWAY and WHY!