Ju-Le Corp.

Video Vend

Louisiana Lottery

Big Hearted Bob's

Building a three-fold relationship through equipment financing, acquisition advice and debt restructuring.

Our relationship with Denny Miyasato, owner of Hawaii-based Video Vend, exemplifies our philosophy of responsive, caring customer service.

Since 1987, we have provided Video Vend approximately $5 million for equipment purchases. And over the years our help has gone beyond financing.

When Denny wanted to acquire a competitor's business, he came to us for acquisition advice. We compiled the data. We determined that the business had long-term potential and advised Denny on the purchase price with the seller. He proceeded with the purchase with financing from the seller.

And then, unexpectedly, there were business reversals. The Japanese economy had begun to experience difficulties with enormous repercussions for Hawaii. Video Vend's coin-op game business was not spared. Denny began to experience cash flow difficulties of his own. But, because of our relationship with Denny, we stood by him when times got tough.

We provided debt restructuring that allowed Video Vend to bring its debt service in line with its available cash flow. And today, the company is back on track in pursuit of a profitable future.

 

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Firestone Financial Corp., 27 Christina Street, Newton, MA 02461-0325