Seeking working capital for a Bluestone quarry
I own and operate a small mining company in Pennsylvania. The LLC was formed in October 2025, with production beginning in March of this year. Since then, we have exceeded $60K in gross sales revenue.
The company is stable, and I have no doubts that the issues I’m running in to can be surmounted on our own, but I’m also aware that trudging through it will result in a reduced total revenue for the year.
A few pieces of equipment are in need of expensive repairs- flagstone is continuing to go out in the meantime, meaning there is still consistent revenue, but making repairs on the main money maker (Rock drill for cubing out saw rock) at the rate of flagstone income would mean missing a significant portion of the busiest months of the year in this industry.
All equipment (4X 30+ ton excavators, 1X 45-ton capacity haul truck, 1X 25 ton capacity articulated haul truck, skid steer, etc) are owned outright, with the exception of the drill which is the only loan I am under, which is through a prominent local bank. This payment is $1200 a month, with payment deferred for Jan-March as those months are not typically operable.
This payment is easy to make, as are all other expenses under my current revenue.
My primary concern is waiting to build the $20K or so necessary with flagstone to get the drill fully operating again will cause me to miss the most revenue heavy section of the season.
Is this something anyone would be interested in hearing more about?