CGCF Vendor Services Team funds it’s vendor client’s long-term rental program for iron ore crushing equipment. As a result of the pilot finance program success, the vendor has the ability to extend the rental option to their entire client base.
|Equipment:||Iron Ore Crushing Equipment for Vendor’s Fortune 10 client|
|Lessee:||The vendor is a leading international equipment manufacturer supplying the global minerals and cement industries with engineering, single machines and complete processing plants, maintenance, support services, and operation of processing facilities.|
|Transaction:||$2,482,699 as an operating lease for pilot rental program|
|Highlights:||Due to budgeting restrictions, one of the vendor’s customers (a top 20 international steel producer) was unable to allocate CapEx funding for the purchase of the vendor’s equipment solution in 2015. CGCF created a pilot rental program for the ore crushing equipment, allowing their customer to acquire the equipment now and immediately reduce the cost of production. CGCF and the vendor collaborated with the customer’s procurement team to refine the structure and documentation, and provide the client with maximum operational and usage flexibility.|
CG Commercial Finance provides strategic equipment financing solutions to support you and/or your equipment sales worldwide. CGCF also gives you competitive advantages with superior financing product, delivery of fast and easy solutions for you and/or field sales reps, and increases in sales and profitability without added credit risk.