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.
The coronavirus COVID-19 continues to disrupt global supply chains as it spreads throughout China, with more than 75,000 confirmed cases as of February 20, according to the World Health Organization. Generally, this has had broad implications for the market, but... read more
Do not underestimate the impact of the coronavirus on a company’s Q1 and Q2 2020 financial results. The supply chain issues are unknown, the potential economic slow down is unknown, and the length of time the impact will be felt... read more