36th Street Provides $5MM to Utility Equipment Rental Company
SEP 19, 2016 - 7:56 am
36th Street Capital funded a $5 million lease financing of cranes, commercial vehicles and additional critical equipment for a national utility equipment rental company.
Mark Horan, chief growth officer at 36th Street Capital said, “This funding was accomplished in partnership with the originating lessor helping to preserve their customer relationship through the delivery of a timely funding solution. We continue to expand our lessor partnerships and are at the ready to support the industry’s funding needs for credit challenged companies.”
36th Street Capital is an alternative funding source supporting the equipment finance industry, specializing in transactions with middle-market companies.
AI and robotics process automation are hot topics. How close is the equipment finance industry to adopting these trends and how will it affect large and small lessors? Katie Emmel: AI and robotic processes have the potential to deliver great... read more
When it comes right down to it, the vendor finance segment of the equipment leasing and finance business has become stale, boring and bereft of innovative products and services. Six years ago I wrote an article predicting the future of... read more