CGCF secured an approval for the client that not only beat the terms offered by the competitors but was also 55 basis points below the company’s revolver.
|Equipment:||Food processing equipment and manufacturing line|
|Lessee:||The client is a 20 year old family business that produces frozen and canned meals from natural and organic ingredients.|
|Transaction:||$10,370,000 84 month GAAP Operating Lease, Early Buy Out at 72 months|
|Competition:||CGCF secured an approval for the client that not only beat the terms offered by the competitors but was also 55 basis points below the company’s revolver.|
|Highlights:||The transaction was very complex with 50 vendors on the transaction requiring 280 purchase orders and generating 438 invoices. Although the approval went smoothly, over the course of the transaction it was determined that the client’s projections were not meeting the actuals due to the fact that three newly constructed lines were behind schedule. The client also required customized asset management with on-going reporting on budget to date, pending purchase orders, invoices and equipment schedules.|
CG Commercial Finance gives you competitive advantages with our robust funding capabilities which include long-term installation funding, numerous delivery schedules and the ability to finance soft costs and services to provide over 100% financing, which in turn maximizes profit for you.