$DCAC (GLOBE NEWSWIRE) -- Daniels Corporate Adviso
Post# of 85171
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Through Institutions, Daniels is projecting greater truck capacity by leveraging the equity raise through the use of a Term Loan facility. This facility, expect to close in the next several weeks, is to be provided by another highly regarded financial institution in the initial amount of $850,000 with potential to $1,500,000 in the short term. This first phase of leveraged growth is without the use of dilutive convertible financing. It has the potential to start adding 40 additional heavy rental cabs to our fleet by January 2021. Over the next six to eight months gross rental income from institutional leverage is projected at $130,000 per month. Subsequent financing options have been discussed and possible to $5 Million.
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