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Why pay $1.60 or more per gallon for a new Ethanol Plant? Why wait 18-24 months? We will build you a new ethanol plant, including grain storage and handling, for $1.25 per gallon, in less than 12 months! Guaranteed!
You supply the land, permits and financing. We do the rest, including; 1. Design-Build 2. General Contracting 3. Financing assistance
Who are we? Ethanol Productions, LLC ("EP") has an exclusive marketing agreement with Jim McCrabb, who developed the "McCrabb Vapor System" over a period of 30 years. EP will provide support services during the construction process. EP is owned by James Plautz. Jim also owns Greenman Funding. McCrabb and Sons, Inc ("M&S") is owned by Jim McCrabb. M&S will design the plant and be the general contractor. Jim is a native Iowan and has a broad, in-depth knowledge of the ethanol industry. He built 50+ farm-size ethanol plants in the 1980s that used the vapor system technology.
What is a "McCrabb Vapor System" ethanol plant and how is it different than a steam plant? There are three major differences: 1. Vapor system technology has been used by moonshiners in Kentucky and Tennessee to make alcohol for more than 150 years. There is nothing new or unproven about this approach. Using a vapor process to make ethanol reduces energy costs and increase the protein content of distillers grain. 2. No-cook process which eliminates the need for cookers, thereby reducing energy costs. There is no beer in the distillation column. Together with special enzymes, the no-cook process reduces the fermentation cycle to 44 hours. 2. The "McCrabb Process Machine" - This break-through process is simply a re-engineering of technology used in existing ethanol plants. It is not new technology, but allows the McCrabb Vapor System plant to eliminate much of the hardware and expensive steps used in a typical plant. This allows us to build a plant faster and for less money. It also reduces energy consumption, reduces water usage and improves the value of distillers grain. This is fully automated and operates continuously. There are 14 identical McCrabb Process Machines in a 100M gallon plant. One is back-up and the others are scheduled at 70%-80% capacity. If maintenance is required on one machine, beer is rerouted to others. The McCrabb Vapor Process system uses half the energy and water used in traditional plants, and is environmentally friendly!
What financing assistance do we provide? Financing is handled by Greenman Funding who has access to traditional financing sources for customers that require a 50% - 70% loan. We also have access to equity/debt financing sources that will provide up to 100% financing in exchange for a low-cost construction loan and 20% - 40% equity for up to five years. Some collateral is required. A typical loan for qualified customers might be LIBOR plus 2%, interest-only, 25% equity for five years with the first payment due when the plant is operational. Front end costs are reasonable. New Lending Programs! 1. Off-take financing using your ethanol and/or DG sales contracts as a source of collateral to finance construction of your first ethanol plant, or use sales contacts from your first plant to finance construction of a second, or third plant. 100% financing without any loss of equity. No up-front fees and bank-type interest rates. First payment not due until the plant is operational. 2. Hedge Fund Lender that will fund 80% to 100% of costs. The fund will take a 30% equity position if no owner equity is available. No front-end fees Greenman Funding has lenders that are comfortable with providing financing for a McCrabb Vapor Process system ethanol plant (or traditional steam plants).
Here is how the process works: 1. Review the information on this website; 2. Call Jim Plautz (813-968-6867) with questions; 3. Provide us a business plan including a 1-5 page Executive Summary; 4. Set up a conference call with Jim McCrabb and your technical people; 5. Sign our non-disclosure agreement; 6. Perform your due diligence on Jim McCrabb and the McCrabb Vapor System; 7. Meet with Jim McCrabb in Iowa or pay his expenses to meet with you at the plant site. 8. Obtain financing; 9. Put a deposit down; 10. Sign the construction contracts with EP and agree upon payment terms; a. 30% upon signing; b. 30% upon shipment of equipment and completion of building; c. 25% upon plant start-up; d. 15% when agreed-upon objectives are met. 11. EP will contract with M&S to design and build your plant 12. M&S will train your people and monitor operations for six months; 13. M&S will be available for ongoing assistance and support.
Marketing and Support Information: 2. Ethanol Performance Guarantees! 3. The "McCrabb Vapor System" - equipment not needed! 4. Process Flow Diagram 6. Ethanol Press Release #1 - Construction Costs Slashed 33%! 7. Ethanol Press Release #2 - Distillers Grain Now 70% of ethanol profit. 8. Ethanol Press Release #3 - Water and Energy Usage Cut 50%!
Start Small & Expand! Not sure? Not enough financing for a 50M or 100M gallon plant? Test drive the system before you commit? Only $10,000,000 is required to build a 7M gallon plant, in nine months. You risk only $900,000 on the McCrabb Vapor Process system. You stand to save millions in construction costs, and additional millions in reduced operating costs. Try it! 1. $10M "use of funds" statement; |