Scrap Metal Yard needs 100k to buy, sort, process and delivery.
by Brian Santora
(Hammonton NJ 08037)
Active Core and Metal buying business needs 100k in funding to help process of delivery and settlement of material. We have free and clear real estate to provide as collateral. Business currently buys $5,000 per day but needs to sell to a mid sized yard everyday to turn cash. Having the extra cash allows us to reach weight minimums to be able to sell to the larger yards for a high yield. We are able to work off a 20% markup with larger yards verus a 5% markup with the mid size yards. We have been in the Scrap metal business since 1994. We would like to offer a 14% return for 1 yr resignable loan commitment.
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