5 Nov, 2019 → by ClaimboUser6660
My Frost account # 1052**** Trans Tool LLC. has been with Frost Bank for over 5 years. see below
I filled out a survey last month on every question I had to write no one from Frost Bank has come to see our company for these 5 years. I put around a $1M into our account yearly. This is what I am looking for. I have a new machine being designed with a patent applied for. I am a small company and would like to see about a Line of Credit that would cover my inventory purchases for this machine and component parts. This machine when sold will be prepaid for before it leaves our warehouse usually on a Credit Card or a Lease Purchase. So my initial cash needs would be to handle the cost of the first 5 machines appx. cost from $40K to $45K. Cost of each machine around $8K to $8.5K. again prepaid when sold selling price around $24,995 with a plus 65% Gross Margin. Once we have sales coming in, the Line of Credit would most likely not be needed unless sales orders are higher than expected. I have no idea who my Account Manager is but would like to take advantage of working with Frost Bank.