CGCF funds $15.2MM lease without reviewed financials and without requiring a guarantee from the near investment grade Fortune 500 parent company.
Lessee: Subsidiary of $29 billion Oil Company based in Texas. The company provides unparalleled technical expertise and superior local services with innovative solutions that meet the complex chemical challenges of the oil and gas industry
Transaction: $15MM in multiple schedules over the past 8 months
Competition: Multiple banks and In-house captive equipment finance companies
Highlights: CG Commercial Finance provided funding for small subsidiary company without reviewed financials while also not requiring a guarantee from the parent company. Prior to awarding the transaction to CGCF, the Lessee had attempted to work with numerous large national banks and, even though the Lessee’s parent company was a near investment grade credit, most of the banks declined.
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.