Med Spa Equipment Funded

Spark Capital was proud to assist a med spa. They were looking to upgrade their existing equipment. Spark provided a $655,000 loan to purchase two laser tattoo removal machines, and gave a credit line for their med spa. Here is the timeline/steps/challenges the deal had faced.

• Client was having some cash flow issues, they needed to replace their machines, and needed a line of credit. They wanted to upgrade their two machines. They wanted 90% financing.

• Client called Spark Capital. Our account manger reached out, and emailed a quick application.

• After 2 hours we gave a pre-approval, then got 3 months of banks statements, a 2 years tax returns.

• After they got approved we sent documents to sign via email. Once signed we sent a wire transfer to the seller.

Here is a breakdown on the terms offered:

• 84 months

• 10% down

• $655,000 funded

• $10234.38 per month

Call us anytime of get an instant quote if you want to get the same type of financing.

Spark Capital