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Atvm Loan Is Not Completely Dead

Discussion in 'General Elio Discussion' started by Ty, Jul 17, 2019.

  1. Ty

    Ty Elio Addict

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    ATVM Loan

    It looks like Elio could make it in this if they can prove they can make a profit, show that the Elio will get at least 25% better than a 2005 model, and ... the tricky part... be positive financially... tough for a new company, I'd think.
     
  2. Len

    Len New Member

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    One of the requirements is that the loan demander must be financially viable without the loan.
     
  3. RSchneider

    RSchneider Elio Addict

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    Elio will soon be a 10 year old company. They got the milestone of 65K reservations over 3 years ago. Is that considered new?

    Then this might not help:

    Then this:
    If the DOE would just ignore the financials, then the 84 mpg mileage would get them in. Plus Elio stopped making SEC filings as a publicly traded company.
     
  4. Terrimom40

    Terrimom40 Elio Fan

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    Why should the DOE ignore the financials?
     
  5. Samalross

    Samalross Elio Addict

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    He was kidding. Atvm would not consider Elio for so many different reasons, the financials would be the most important one.
     
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  6. Samuel Gompers

    Samuel Gompers Elio Addict

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    Elio was never a good fit with the ATVM program. It was meant to help existing, viable businesses to expand. It was never meant for startups with no existing product. If Elio had been profitable, selling 50-60mpg trikes, and gone to the ATVM for help with their upgraded 75-84mpg trike, they might have had a shot at getting funding. By the time Elio went looking for money, the previous loan failures made the ATVM nervous about new loans.
     
  7. RUCRAYZE

    RUCRAYZE Elio Addict

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    Atvm Loan Is Not Completely Dead-- neither is Elvis
     
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  8. Elio Amazed

    Elio Amazed Elio Addict

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    NO. For the 10,000th time. THAT IS NOT WHAT THE LANGUAGE SAYS. The language says that the borrower must show that they will be financially viable AFTER receiving the loan without any FURTHER or ADDITIONAL government assistance other than the loan itself. Look it up and read it again.
     
    Last edited: Jul 19, 2019
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  9. Ty

    Ty Elio Addict

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    They are. What that means is that the company, when producing vehicles, must not run in the red. Tesla would not qualify because they continually lose money. Elio, as shown by their bill of materials, sales price, and overhead, would be financially viable. But, that's because they put less material into each vehicle and it's easier to assemble and the material that make up the Elio are less expensive.
     
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  10. booboo

    booboo Elio Addict

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