Merrimac Corporate Finance, Inc. has provided capital and advisory services to healthy and troubled companies since 1990. Services include loan origination, financial consulting and turnaround management.

Business Loans

Merrimac has close relationships with non-bank lenders who offer a diverse portfolio of business loan products. Our experience with these lenders and understanding of their preferences and underwriting criteria allows us to respond quickly with loans that are tailored to our customers needs.

Advisory Services

Merrimac’s management has broad experience in general, operating and financial management in many companies, in-depth understanding of financing methods and capital sources, and relationships with individual and institutional investors. Advisory services include:

• Financing needs and alternatives assessment
• Financial, strategic and general business planning and advisory services
• Mergers, acquisitions and divestitures
• Debt structuring and placements

Turnaround Management

Merrimac has helped troubled companies regain profitability by working with creditors, raising new capital, improving operating cash flow and streamlining operations.

Representative Engagements

Financial

Motel Acquistion Partners, Lincoln NH. We obtained $300k purchase money financing to aquire a motel for conversion to condominiums.

Crescent Capital Company I&II, LLC, Boston, MA. We were members of a selling group that raised $3.2 million in a private placement to high net worth investors for this bridge loan and special situations investment company.

Historic Inns of New England, Center Harbor, New Hampshire. We arranged an $850,000 bank re-fi of the Red Hill Inn to consolidate debt and to finance a 24% increase in the number of guest rooms. This was coupled with a $300k private offering of Limited Partnership units to fund project development activities.

Kimball Chase Technologies, Inc., Portsmouth, NH. We participated in a $350k private placement to an institutional investor.

Leavitt-Paine Entertainment Corporation, Plymouth, NH. We were engaged to negotiate the acquisition of a movie theater via seller financing and to advise on financing alternatives for its expansion and major capital improvements.

New Hampshire Custom Brewers, Inc., Manchester, NH. We raised $790,000 for this start-up micro brewery, through a combination of a Reg. D stock offering and a private convertible debt placement

Shaker Inn at the Great Stone Dwelling, Enfield, NH. We acted as placement agent and financial advisor for our client, raising $395,000 of private investor sub debt and bank financing for start up expenses and equipment for this hotel and restaurant, located in a historic building on the site of the Enfield Shaker Museum.

Someplace(s) Different, Inc., Portsmouth, NH. We arranged a $3.9 million re-fi of first mortgage debt on the Sise Inn in Portsmouth and the Captain Daniel Stone Inn and Restaurant in Brunswick ME, to exit an unpleasant lending relationship, consolidate debt and reduce interest.

Turnarounds

Service Business Group, Somersworth NH. We assisted this owner of 3 "main street" businesses and accompanying real estate whose bank had called two loans. We persuaded the bank to gice us the time to close one unprofitable business, sell two non-core business, sell a building and improve profitability of the owners main business.

Software Developer, Inc. Nashua NH. Acting in the capacity of Chief Financial Officer we raised $1 million of debt financing, guided the company to profitability, developed business plans and re-positioning strategies and actively assisted with the creation of an Internet services company based on the developer's core Windows NT/2000 monitoring and alerting products.

Specialized Software, Inc. Worcester, MA. As interim CFO, kept this mortally wounded Internet software development company alive during dot com meltdown while seeking an acquirer or breakthrough order.

Equipment Maintenance, Inc. Concord, NH. As Executive Vice President, Refinanced three loans that had been called, secured equipment financing, restructured and streamlined operations to raise GM by 10%, participated in recovery from devastating fire and settled insurance claim with $175k gain.

Advisory

Engineering and Technology Company, Manchester NH.: We prepared a valuation analysis, identified value drivers and growth strategies and developed shareholder exit strategies.

Accurate Environmental Forecasting, Inc., Kingston, RI. This company provides greatly improved forecasts of tropical storm intensity, size and tracking to insurance companies, emergency management clients and oil drilling rig operators. We assisted with the development of business strategies, market analysis, and business plans, leading to the raising of financing.

Apple Ridge Property Development, Laconia, NH. We were engaged to analyze alternative uses for this site, to develop business and financing strategy and plans.

Bedford Capital Corp., Bedford, NH. We advised this client regarding pricing, structure, terms, exits, marketing strategy, registration requirements and other elements of a private placement, and prepared the prospectus.

Jay Howland Enterprises, Ltd. Gilford, NH. We provided marketing research and consulting services to this real estate development firm regarding a proposed hotel, condominium, and restaurant development.

Memtek, Inc., Salem NH. After the sudden death of the CEO and majority stockholder, we assisted his estate in the valuation, structuring and sale of his ownership interest to other stockholders.

QPS Ltd., Natanya, Israel. This was an extended engagement as a part time President of QPS’ US sales company. We established and trained a representative network, created a marketing strategy and plan which re-positioned the company, prepared brochures, spec sheets and applications notes, obtained orders from many new US customers, developed new applications for QPS’ products, and guided the company through a transition from 100% military to a mix of military and commercial products.

Photronics Corp., Hauppauge, NY. We assisted this manufacturer of fire control and sighting equipment with the identification and analysis of acquisition candidates and development of commercial products based on its military technology.

Stonebridge Country Club, Goffstown, NH. We developed the financing strategy and loan request package, and advised this developer in connection with a $2.8 million construction loan converting to permanent financing.

Total Restoration, Inc. Amherst, NH. We assisted this fast growing restoration and remodeling company with the development of business and financing strategies for its expansion by acquisitions and opening new offices throughout New England.

TSE, Inc., Manchester, NH We assisted this manufacturer of flow control products for the automotive industry with the acquisition of a product line and the development of a business plan and financing strategy for new products.

Waterwear, Inc. Wilton, NH. We acted as advisors to the purchaser of this manufacturer of custom swim wear and exercise clothing.

Others: Since 1990 we have completed advisory engagements for clients in these industries:

Merrimac Corporate Finance, Inc.
11 Fish Cove Road
Meredith, NH 03253
Phone: 603-279-1180