Stonebriar Commercial Finance provided a $10 million lease financing to a major agricultural distributor.

Stonebriar said the lessee is an independent distributor of agricultural input products, including seed, fertilizer, crop protection chemicals and value-added services, selling to farmers, commercial growers and regional dealers. 

“SCF worked closely with management to create a cost effective financing package that not only addressed their current equipment needs but committed capital for its plans to expand into Florida, California and the Pacific Northwest, in order to benefit from more lucrative crop producing regions,” said Steve White, senior managing director at SCF.

Since its inception in April, SCF has committed to in excess of $160 million in financings with over $120 million funded to date.