CG Commercial Finance Vendor Services team completed an operating lease of nearly $11.8 million to fund a GOSS offset press, stacker/conveyor system, pre and post press equipment and associated soft costs for a Nevada-based commercial printing company.

GOSS International is a major manufacturer of printing presses and finishing systems, which has over 100 years of experience servicing the media industry. As GOSS’s financing partner, CG Commercial Finance has developed a mutually beneficial relationship with GOSS by facilitating lease and finance options for its global customers.

Due to complex transaction requirements such as pre-delivery progress payments over an extended time period, a high percentage of soft costs, large residual and a transaction amount exceeding the lessee’s tangible equity, the lessee was unable to secure funding for the purchase of the GOSS offset press and ancillary equipment through its bank or other finance providers. CGCF worked directly with GOSS and the lessee to create a custom lease financing which included the management of three different subcontractors, coordination of multiple progress payments over a six month period and the funding of a significant amount of soft costs including delivery, installation and training. As a direct result of this press acquisition, the lessee has increased production and capitalized on improved operating efficiencies in the highly competitive printing industry.

“We are enthusiastic about our relationship with GOSS and the significant value we provide to their customers by structuring finance programs to positively impact their bottom line. For more than 16 years CGCF has provided a unique value proposition to the equipment finance industry by exclusively employing best in class transaction specialists and innovative thinking to meet our customer’s requirements,” said W. Scott McCullum, president of CGCF. “We seek first to fully understand our clients’ needs and then deliver solutions to meet those needs by funding with a broad investor base strategy that prevails over banks rigid transaction parameters and ever changing credit appetites.”

CG Commercial Finance is a specialty finance company with primary expertise in financing for capital equipment and structured project and debt financing for mid-sized and large companies.