Payne’s Environmental Services, LLC
Company: Payne’s Environmental Service (“Company”)
Financing Amount: $950,000 Equipment Term Loan
Financing Date: November 9, 2022
About the Company
Payne’s Environmental Service (“Paynes” or the “Company”) is a Tampa Bay, Florida based full service that provides residential and commercial tree services. The company offers emergency tree removal, pruning, fertilization and more. The company also provides emergency services related to clean up and removal for natural disasters that affect its service area.
Situation
The company currently undergoing a period of growth and was recently awarded a municipal contract to assist with the cleanup efforts due to Category 5 storm Hurricane Ian. The Company ordered a large wood chipper/grinder that took one year to produce and approached Alantes for help with the financing.
Solution
Alantes quickly secured a $950,000 Equipment Term loan which allowed the company to acquire the target equipment and which will allow the company to double its wood chip production and fulfill its eixisting contracts. Alantes was able to work through a tight timeline and various challenges to secure the financing for the target equipment. “We are ecstatic that Alantes was able to help us secure the Peterson Horizontal Grinder,” said Tery Payne, the company’s CEO, “The acquisition of this equipment will help the company double revenue and continue our growth, we couldn’t be more thankful for the job that Alantes did.”
About Alantes
Alantes Corporate Finance (“Alantes”) specializes in capital raises and strategic advisory for small to middle market businesses across the nation. Our team prides itself on our ability to provide unique solutions for all of your business needs. Whether you’re looking to acquire a new company or additional working capital for operations, Alantes is your trusted source for business growth and expansion. Our multi-faceted approach allows us to craft creative solutions that adds value at the most critical junctures so you can focus your resources on core business activities.
For more information on this transaction, contact Alantes Corporate Finance at info@alantes.com
Alantes Corporate Finance, LLC
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