36th Street Closes $7MM Lease for Specialty Food Company
OCT 3, 2018 - 7:05 am
36th Street Capital funded a $7 million lease for food processing equipment with a company that specializes in producing specialty food products.
“The company was in need of additional equipment to support the production of a new line of products,” said Mark Horan, chief growth officer at 36th Street. “We worked closely with our originations partner to provide a customized lease structure that allowed the customer to move forward with its expansion plans, while also being able to restructure its balance sheet.”
36th Street Capital is an alternative funding source supporting the equipment finance industry. The firm specializes in transactions with middle market companies who find it difficult to obtain credit from traditional industry sources.
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