Association of Independent Gas Station Owners in Ohio, Kentucky, Indiana, West Virginia, Pennsylvania & Michigan.

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Igsoa helps to the members for Senior and Sub-debt financing for companies or individuals who cannot obtain adequate bank financing. Ohio Petroleum is specialized in Fuel related businesses based in Ohio (a division of Swairah Network) since 1995. We are specifically geared to fund troubled or growing companies. These are generally non-bank lenders that provide financing to companies or individuals who CANNOT obtain adequate capital to Purchase a Fuel Service related business, further develop or maintain their business.
 
Client Profile
Any company or entity that is unable to secure commercial financing through traditional sources particularly if funding needs are immediate. (i.e., developmental stage companies or companies with losses, negative net worth, tax liens, in chapter 11, personal credit problems of principals, etc.) 
 
Type of Funding Provided
· Revolving Credit Lines · Conventional Factoring
· Bridge Financing · Asset Based Loans
· Purchase Order Financing · Letter of Credit Financing
· Acquisition Financing · Funding for Fuel Service Station Purchasers.
· Inventory Loans · Equipment Financing
· DIP and Exit Financing · Mezzanine Financing
· Cash Flow Loans · Equity Participation
· Real Estate Financing · Construction Loans
· Loan Guarantees · International Project Financing
 
Funding Size
$25,000 and Up (typical transactions range from $500,000 to $300,000,000)
 
Pricing
6% to 10% on most debt financing transactions
1% per month and higher on discount factoring
1% per month and up on PO financing
6% to 10% APR on Real Estate Transactions
 
Time Line to Close:
Bridge Loans completed within 10 days
Most other transactions from 30 to 90 days
 
How We Work
Igsoa Correspond with over 800 lenders nationwide as correspondent. We review the particulars of any new funding request by focusing on the borrowers geographic location, loan size, industry type, collateral (if any), mix of collateral, historical cash flows, credit profile, etc. in order to identify lenders who can fulfill the specific requirements of the borrower. We send a written synopsis of the transaction to specific lenders we have identified and further speak with them to select the most likely candidate who will provide the best overall proposal. Our mandate and obligation is to obtain the best financing transaction available for our client. We do not earn a closing fee unless the client is satisfied and has accepted the financing we have arranged.
 
Igsoa Consultants Fees
We earn a success fee at closing of 1% to 3% on the funded amount, determined primarily by the loan size but also by the type of transaction and other factors. We require a modest retainer that will be credited against the closing fee, but only after you have received and accepted our proposal with specific terms and conditions outlining the new credit facility. The initial work that we perform on any new account is at our expense and involves an internal review and analysis of the transaction followed by further review with a specific lender. The lender will be selected on the basis of your industry type, geographic location, loan size, credit profile, type and mix of collateral, etc. The lender must express a defined interest in providing a proposal based on the representations that have been made by you, the borrower. We work on a non-exclusive basis and the borrower may choose to accept other financing or pursue other available options at a later date that would preclude a closing from occurring. In that event, the retainer will have covered our costs.
 
Contact:
For More Information:
Habib Shah
Tel : (937) 470-9400
Fax : (937) 439-1209
Email: habib@igsoa.com
 

 

 
 

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Copyright © 2012 [Ohio Petroleum Organization LLC]. All rights reserved.
Last modified: 09/03/23.