Pre-Approved Equipment Line
A growing company ordered new dozers, rock trucks and excavators to be delivered over a 12-month timeframe. We provided a capital lease facility with 72-month terms that would allow the customer to draw funds as needed to facilitate the random delivery of the equipment.
Sale & Leaseback of a mobile crane
We provided an 84 month capital lease facility to reimburse the customer for the purchase of a mobile crane. We financed 90% of the original equipment cost. No financial covenants, no monthly reporting requirements. A fully amortizing lease to replenish the company's working capital.
Operating Lease for New Excavators
We provided a fair market value lease to assist our customer in purchasing 2 new hydraulic excavators. We advanced 100% of the equipment cost over a 24 month term. The lease payment provided a lower cost per hour than renting the machines, and it helped the customer manage their financial covenants with their lead bank.