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CG Commercial Finance
CG Commercial Finance provides middle and large ticket capital equipment financing.
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    $3.9MM for Oil & Gas Industry Valve Manufacturer

    Funded hardware/software systems with virtually no hard assets

    CGCF’s success in funding and managing the various schedules and multiple vendors has established a relationship of trust and procured future business with the Lessee, as noted in Controller’s letter of reference below.

    Commercial Finance energy technology

    Lessee: The Lessee is a world-class supplier of industrial valves and solutions to major global energy E&P companies.

    Transaction: $3,935,085 structured as a 30 month lease

    Equipment: eCommerce and ERP hardware/software systems, including soft costs such as installation, integration and personnel training, to support Lessee’s continued growth and expansion.

    Highlights: The client turned to CGCF to complete the assignment after the client’s own bank group chose not to finance the project.  Although the Lessee is a well-established company with a strong client base, the transaction presented challenges due to the significant soft costs, progress funding requirements and exposure to a cyclical industry during an exceptionally unpredictable macro-economic climate.

    CGCF leveraged its extensive knowledge of the Energy industry and its project management capabilities, to meet the client’s time table and ensure timely disbursements to the three software  and service vendors during the implementation period.  CGCF success in funding and managing the various schedules and multiple vendors has established a relationship of trust and procured future business with the Lessee.

    “I wanted to take a moment to thank the CG Commercial Finance team for the results you achieved for my company.   Adam, Scott and Kevin and the rest of the team CG commercial Finance have been professional, responsive and courteous in the leasing of our ERP project for ~$1.8MM.

     

    The Team was able to include most of the “soft costs” of the ERP implementation including developer’s invoices for time and software engineering costs.   I look forward to continuing the relationship for any other challenging asset financing or leasing needs we may have.”

    Bill Y –  Controller

    View More Challenges That Became Commitments

    We work with onshore and offshore oil & gas companies of all sizes and types: privately held, publically traded and those supported by private equity sponsors.Whether you are a company running a few frac spreads and focused on growth or one of the major service companies with a capex budget >$1Bn seeking low interest rates, if you make your living in oil & gas, we are the lender for you.

     

    CG Commercial Finance Oil & Gas Division brochure
    CG COMMERCIAL FINANCE
    2211 Michelson Drive
    Irvine CA 92612
    Toll Free: 800.303.4006

    info@cgcommercial.com
    www.cgcommercialfinance.com

    SALES CONTACT:

    Tobin Junowich
    Senior Vice President
    tobin.junowich@cgcommercial.com
    Direct: 800.303.4006 ext 307

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    OUR PHILOSOPHY
    • INSIGHT

      Our Transaction Process:
      Our commercial finance professionals take the time and ask the right questions to ensure we are providing the best fit solution for your needs. Client considerations include reporting and compliance effects, operational issues, GAAP/Tax treatment and more.

    • ABILITY

      Experience and Knowledge Applied:
      We are commercial finance & accounting professionals. Experience and knowledge applied are what matter most and that is our primary focus. So, we will tell you what we think is best for your organization, not what we think will get us the deal.

    • EXECUTION

      We Get Deals Done:
      We have an excellent track record of completing commercial finance transactions of all types and complexities from GAAP/Tax Operating Leases to large revolvers and term debt syndications for credit profiles ranging from investment grade to extremely challenged.

    FEATURED POSTS
    • Preparing for the New Lease Accounting Rules
      June 19, 2017
    • WITH GE CAPITAL’S MONEY GONE, YOU JUST MIGHT NEED A COWBOY.
      October 31, 2016
    • CG Commercial Finance acquired by Atalaya Capital Management
      July 11, 2016
    • Executive Summary
      February 29, 2016

    LET’S DO BUSINESS

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