Pictured: Donna and Rick Chrisman with Ines Polonius
alt.Consulting is piloting a new innovative investment
product, Assistance Based Equity (ABE). We made our
first investment of $25,000 to Revolutionary Designs, Inc. in
February 2007 and expect to make 1 more investment during the
pilot phase.
What makes ABE unique or innovative? First, it is
designed specifically for small businesses that have received
technical assistance and have implemented the financial and
management systems they need to grow and succeed. ABE
makes maximum investments of $25,000, which permits creative
exit strategies even for businesses that are not hight-tech or
fast-growth.
Revolutionary Designs, located in the remote community
of Hatfield, AR, was started in 1986 by Rick and Donna
Chrisman. They produce and sell exquisitely crafted
items as well as machined wood products.
Like many small manufacturers, Revolutionary
Designs, Inc. has lost some of its core business to low-cost
overseas competition. This led them to develop a new
product line targeting the local market. Now they needed
to expand their shop. Like many small businesses,
their collateral was already securing their first working
capital loan and they could not get the additional capital
they needed.
With the ABE investment, Revolutionary Designs, Inc.
was able to expand their shop and hire a new part-time
employee. They are exceeding the sales and profit goals
they set for the first 6 months.
We are excited about this new pilot and want to express a
special thank you to Revolutionary Designs, Inc for their hard
work and commitment. We also want to say a special thank
you to Tony Hilliard, Attorney with Ramsey, Bridgforth,
Harrelson and Starling, LLP in Pine Bluff. We appreciate
his willingness to share our vision and develop a
cost-effective investment vehicle.
Click the image to visit website of Revolutionary
Designs,
Inc.
