LSH BUSINESS FINANCING:

LSH Financing provides secured financing for the small to middle market in a variety of situations, including:

• Refinancing
• Seasonal Businesses
• High Growth Companies
• Established Turnarounds
• Acquisition Financing
• Leveraged Transactions

LSH also provides financing on a particular or co-lending basis with asset-based lenders in secured transactions. Secured revolving and term facilities from $1 million to $100 million based on the collectable values of accounts receivable, inventory, machinery/equipment and the real estate assets of the company.

LSH CORPORATE FINANCING:

LSH Corporate Financing provides small to middle-market financing, with a focus on acquisitions and buy-outs of privately and publicly held companies, recapitalizations, refinancing and growth financing. We also selectively co-invest in partnership and joint venture transactions. Products and services include:

• Senior debt, senior debt in combination with mezzanine debt or equity, or stand-alone mezzanine debt
• Financing commitments of $1 million to $100 million
• Stand alone mezzanine financing of $1 million to $ 15 million
• Primary cash flow driven transactions
• Equity investments up to $10 million in minority positions in which LSH does not provide debt financing

LSH INTERNATIONAL FINANCING:

LSH has interests in joint ventures and wholly owned commercial finance companies for transactions in Europe, Asia/Pacific and Latin America. Markets served are small and mid-sized businesses and certain large, multinational companies. Products and services for joint venture and wholly owned companies are:

• Asset-based financing
• Acquisition financing
• Leasing
• Vendor finance programs
• Cross-border trade financing
• Receivables management services
• Development capital

LSH SET MANAGEMENT SERVICES:

LSH provides working capital financing, receivables management and credit protection to companies in a broad range of industries. LSH serves a variety of manufacturing, distributors, importers, exporters and service firms. Products and services include:

• Receivable and inventory financing
• Seasonal overadvances and overlines
• Term loans for machinery and equipment
• Credit guarantee for open account sales
• L/C financing
• Asset based financing
• Receivable management

LSH EQUIPMENT FINANCING:

LSH provides loans and leases to small to middle market companies for equipment expansion or replacement, or to refinance their present equipment obligations. In addition LSH aids in "turnkey financing" which provides financing for business expansions and includes funding for building land and equipment. Products and services include flexible loans ranging from $1 million to $50 million, fixed or floating rates, with terms to ten years. The products can be structured to satisfy a number of objectives, including:

• Finance or lease capital equipment
• Utilization of "off-balance sheet loans and leases" to improve balance sheet
• or accomplish tax drive objectives
• Finance assets in foreign markets
• Expand business with "turnkey financing" (land, building and equipment)
• Refinance existing equipment in order to pay off current debt, pay off balloons, obtain lower fixed or floating rates, and generate capital for expansion.

LSH VENDOR FINANCING:

LSH vendor financing provides financing for leasing of capital equipment, primarily through relationships with manufacturers and distributors. Products and services range from true leases to loans and conditional sales contracts, generally with a ticket size of $100,000 to $5 million on individual equipment items.

Market industries served include machine tools, graphics arts, information technology, health care, energy, food processing, communications, but may encompass virtually any type of equipment for which a consistent funding sources required.

LSH SPECIALTY FINANCING:

LSH is capable of securing financing for businesses undergoing financial, operational or strategic restructuring and those in the early stages of recovery. LSH will aid companies in securing financing for companies in turnaround situations, and is organized to respond quickly when the need for capital is urgent. Products and services include:

• Participation in acquisitions of under performing businesses (stock or assets)
• Recapitalizations to support sound recovery programs and plans of reorganization. Such investments may take the form of stock or convertible debt. Monetary positions and co-investments are considered.
• Discounted purchase of debt securities in situations in which LSH can contribute actively to an overall restructuring process

LSH CAPITAL

LSH Capital can secure long-term financing to independent small businesses and franchises utilizing the U.S. Small Business Administration loan guarantee programs: 7(a) and 504. Products and services provided are:

The utilization of both collateral and cash flow are considered as financial indicators.

Types of loans:

• Real Estate (owner occupied) - acquisition or refinance, ground up construction, tenant improvements, up to 90% financing, up to 30 year term
• Permanent Working Capital - expansion financing, debt consolidation, up to 100% financing, up to 7 year term
• Equipment Acquisition - up to 100% financing, up to 10 year term
• Business Acquisition - up to 80% financing, up to 10 year term

Lee, Sperling, Hisamune
550 North Brand Boulevard, Suite 650
Glendale, California 91203
Phone: (818) 507-6645 - Fax: (818) 507-7891
Email: lsh@leesperling.com