36th Street Finances $5MM of Equipment for Managed Services Company
JUL 26, 2016 - 7:12 am
36th Street Capital provided $5 million of lease financing to a managed hosting and cloud services company. The funding of equipment allowed the company to continue making infrastructure investments to support revenue growth.
“The lessee is a fast growing technology services provider needing equipment to support service agreements and a rapidly expanding customer base,” said Kiran Kapur, CEO of 36th Street Capital. “Our extensive experience in technology finance was an important factor in working closely with management to understand the company’s ‘story’ and support its equipment financing needs.”
36th Street Capital is an alternative funding source supporting the equipment finance industry.
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