We provided a 48 month equipment loan facility to consolidate and refinance a fleet of highway trucks and trailers. We advanced on 85% of appraised orderly liquidation value and paid out 5 separate lenders to achieve a cash flow savings for the company in the amount of $20,000 per month.
Dry Van Trailers
We financed 300+ new dry van trailers on a capital lease facility for a fast growing transportation company. We advanced 100% of original equipment cost over 60-84 month terms. A quick response from CEF gave the customer the confidence that financing was secure and reliable, which allowed them to focus on their business.
School Bus Leases
We established an annual lease facility for a large school bus operator in Eastern Canada. The customer could draw down the facility on an as needed basis to purchase new school buses. The facility allowed for up to 60 month terms with no financial covenant requirements.