Cardinal Components IncCONDITIONAL
in progress · Analyst: Cobalt Team
Total Debt
$1.8M
Monthly Revenue
$121K
Monthly CF
$-8200
DSCR
-0.66x
Equipment
$680K
Rec. Capital
$950K
Rec. Equity
25%
IRS Tax Lien: $84,200 — must resolve before close
Key Findings
→IRS payroll tax lien of $84,200 — must be resolved at close
→AR aging: 40% over 90 days — collection issue with 2 major customers
→Equipment appraised at $680K — strong collateral position
→Owner drawing $22K/month — reduction required as condition of capital
→Supply chain: 60% single-source from Taipei — risk mitigation needed
Risk Flags
tax liennegative cashflowar concentrationsingle source supply
Great Lakes Machining CoPROCEED
complete · Analyst: Cobalt Team
Total Debt
$2.1M
Monthly Revenue
$242K
Monthly CF
$10K
DSCR
0.48x
Equipment
$1.2M
Rec. Capital
$1.4M
Rec. Equity
20%
Key Findings
→Positive cashflow but thin — DSCR below safe threshold at 0.48x
→SBA 7a at 8.75% — payoff will immediately improve cashflow $9,400/month
→Real estate owned outright — strong equity position
→Backlog of $1.4M through Q4 — revenue visibility good
→Owner age 58 — succession planning is unstated concern
Risk Flags
low dscrhigh debt loadowner succession