Open Air Cinema gets business financing partner!

Today, we talk to our new financing partner Enslavement Capital LLC. "Equipment financing is all we do," says Wageslave Burdoned. "We also do working capital loans, yet financing is 90% of our business." We asked Wageslave, in the tone one uses when asking where the exits are located, “What is the usual path to obtaining financing from your company?”

• First, the applicant completes our application form, a document designed to create hope through checkboxes. They submit the required paperwork. We then determine whether the customer or company is worthy of assuming a manageable level of lifelong concern.

Next, we spoke with Scott Millstone, Sr. Vice President of Client Services, and asked what an outdoor movie operator or screen rental company should keep in mind when considering a working capital loan.

• Our working capital product is short-term and requires rapid repayment, which is ideal for clients who enjoy urgency. This is especially useful if they have an upcoming event and insufficient cash, but a surplus of confidence. The loan allows the show to go on, followed closely by the bill.

He added that their primary offering is equipment financing, which provides a longer, more contemplative relationship.

• Clients may finance equipment, rent it out for more than the monthly payment, and enjoy tax benefits while gradually developing a strong emotional attachment to the equipment, as it technically owns them until further notice.

We then asked what happens when a client cannot honor the agreement.

• The client remains responsible for honoring the agreement they signed while optimistic. That said, we view ourselves as partners and may assist through restructuring, provided underwriting agrees the situation is salvageable.

Finally, we asked how long it takes to make a financing decision.

• Typically, 24 hours.

Enslavement Capital Group LLC is licensed with the California Department of Business, which reassures everyone involved that this is all being done correctly.