800 982-5868
Ext. 104
Westover Hospitality Equipment Finance
"We structure successful financing solutions for your business when others can't"
Hospitality Equipment Funding Solutions!
Westover Hospitality Equipment Finance
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Westover Financial, Inc.
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A home builder located in the
Pacific NW whose core business
was building retirement communities,
wanted to own and operate their
own restaurant located on the golf
course in one of their projects.
Privately held company crossing
over into an industry / business
outside of their normal scope of
expertise.  
Westover, citing the strength,
stability and profitability of the
developer, was able to secure
$200k "App Only" five year term
approval.  No security deposit or
additional collateral was required.
OBSTACLE
SOLUTION
CHALLENGE
An Italian restaurant chain with 3
locations wanted to add a 4th
location.
One of the existing locations had
been in business less than a year.
and there was no history of
financial success for that location.
They needed $50k for new store
equipment and one of the owners
had a low FICO score and
generally poor credit.
Approved and funded $50k for the
expansion location by emphasizing
excellent pay history of other
loans/leases and citing strong
personal credit of the other owners.
Los Angeles based hotel needed a
$115k linen folding and ironing
machine.
The owners would not release
financial statements and offered no
personal guarantees.
Westover obtained a 60 month, 100%
approval emphasizing the company
past pay record on installment debt
and personnel cost savings
justification for the new machine.
A So California based restaurant
group needed to refurbish/upgrade
five of their existing stores.  The
amount requested included
equipment and soft costs of
installation, labor and leasehold
improvements.
The company was closely held by
two owners and financials were not
available.  In addition the
equipment was going to be located
at five different locations.
Westover funded $80k on an "App
Only", "Corp Guarantee Only" basis
(No personal guarantees or financial
statements provided).  20% of the
amount was pure working capital
back to the customer for usage as
needed.
A Mexican fast-food franchise based
in Southern California, needed to
upgrade one of their locations.
The equipment consisted of built-in
booths, counter tops and signage.
They were attached to the facility
for the dine-in area of the
restaurant.
Westover pursued and received a
Personal Guarantee from the
owner. This added "comfort level"
resulted in a $60K approval.
Let us structure a solution for you!
800 982-5868  Ext. 104