Greeting SIG supporters,
I have a question for those who want to see SIG Manufacturing expand and deliver more quality ARFs and kits. My partner and I are working on obtaining additional working capital to obtain more inventory and equipment to continue to catch up on the many backorders we currently have plus work toward building up more inventory such as airplane kits and fuel.
Prior to going to the capital markets and banks for our funding, we thought it would be best to go to those who already love and support SIG to present you with the ability to benefit from our growth. You, our loyal enthusiasts, already support us in many ways and this is another opportunity to do so in a very impactful way.
We are seeking those who would be interested in investing in SIG. We are offering simple return interest loans OR for those interested in larger amounts we are considering equity investments as well.
Why are we raising capital and what will it be used for?
Our largest raw material purchases (ARFs and Ecuadorian balsa wood) require thousands of dollars to be tied up for five to six months while the materials are processed and shipped overseas.
For example, our current financial capabilities only allow us to finance one container of balsa wood and one container of ARFs at one time, which is around $150,000 for the two containers. With our current backorders and sales trending up we should be bringing in seven to eight containers annually (three to four each of ARFs and wood).
Another use would be to upgrade equipment. For example, we have only one of our two 20-year-old 500-watt lasers working due to the rationing of Helium in the United States. Newer laser cutters do not use helium in the cutting process, so we are looking to buy two or three units at $16,000 to $20,000 each to supplement the two lasers we have.
My partner and I own 100% of Sig and have discussed sharing ownership of SIG Manufacturing to other likeminded individuals who believe in SIG and want to help the company move forward. Now is that time!
Word of us seeking investment has already leaked in the community and the interest level is high. We believe we can raise the $1,000,000 in funding and bring the company to the next level. If you are interested as well with an amount of $5000 or larger, please email me at tom@sigmfg. I will respond to your request to discuss next steps.