In Q3, we helped a number of companies in their transitional financial state (both through our partners and directly) that don’t meet standing banking criteria with asset-based loans on their machinery. This allowed the companies in their business endeavors with working capital to further their business operations and potential growth. Here are some of the highlights from Q3.
Highlights from Q3:
– We provided $4.7 million in financing to a Private Equity firm that needed quick funding to help acquire a $27 million forging operation.
– We also provided $2.8 million in financing to a heavy-hauling trucking company that was able to consolidate loans and access its excess equity quickly.
– We helped a long-time customer with $1.3 million in financing to acquire an automotive metalworking company with a quick, all-digital transaction.
– We assisted a Private Equity firm with $500,000 to acquire a competitor of one of its portfolio companies.
We’re proud of the work we did in Q3 and we’re looking forward to an even busier Q4! If your company is looking for machinery and equipment financing, please don’t hesitate to get in touch. We may be able to help you too!