Commercial Funding Partners funded $5.4 million in financing for a Utah-based company, which needed the funds for yellow iron to fulfill contracts and meet market demands.

The lessee’s industry presented a bit of a challenge as many banks and lending companies would not finance the transaction.

“Our ownership felt strongly that we needed to work with this company regardless of industry and look to continue to work with them as they grow,” said Bailey Turner, manager of Business Development at CFP.