Prospects Setup

Active · 4 Reviewed · 11

As of Jul 23, 2026

Cardinal PackagingAdvanced

$6.0M ask · proposal draft

Meridian Foods DistributionEvaluating

$4.5M ask · docs 6/9

Ozark Fastener WorksNew

$2.8M ask · triage pending

Delta Med Supply2 kill flags

$3.1M ask · triage pending

Drop a deal package here or forward to deals@egc.com

Cardinal Packaging $6.0M ask · AR/INV · Louisville KY verdict recorded Jul 21 · A. Okafor

Triage No kill flags

Score

74/100

Revenue

$28.4M FS

AR book

$7.9M AI

Dilution

—

Evidence ledger 12 12 items

FSFY25 audited financialsVerified

ARMay AR agingAI extracted

TAX2024 returnsVerified

UCCLien search2 senior liens

Decision

Advance — acknowledged Research locked · verdict cites 12 ledger items Jul 21 14:32

Documents 8/9

Financials FY23–25✓

AR / AP agings✓

Customer list✓

Inventory reportmissing

Judgement AI · advisory

Concentration risk moderate — top debtor 22% and rising. Margin trend stable across three fiscal years. Senior liens require subordination before close.

Stage 2 · Propose Term sheet · Credit memo

Term sheet AI draft · operator-edited

Facility amount

AR advance rate

Pricing

Maturity

Covenants

FCCR ≥ 1.10× FSMin liquidity $500KMax dilution 5.0% AI

Credit memo

Business overview

Cardinal Packaging manufactures corrugated packaging for regional food distributors. Revenue $28.4M FS, gross margin 23.1% FS.

Collateral

AR book $7.9M AI across 44 debtors; top concentration 22%. Estimated availability at proposed terms $5.6M.

Risks & mitigants

Two senior UCC liens require subordination UCC. Inventory report outstanding — advance conditioned on receipt.

Propose — Cardinal Packaging

Stage 2 · Term sheet · Credit memo