NFS Leasing Closes Debt Financing with AG Manufacturing
FEB 11, 2020 - 6:45 am
NFS Leasing and AG Manufacturing closed on custom financing for AG that buys out its existing lender and provides additional working capital. This working capital will support AG’s continued growth and expansion and allow it to continue to serve its customers with the excellence it has become known for.
“Completing a deal like this was extremely valuable to NFS,” said Dean Oliver, principal at NFS Leasing, “We are known for unique stories and deals such as this certainly help showcase our true capabilities.” NFS Leasing is known as the story lender and works with challenged credits of all kinds from start-ups to turnarounds.
“Working with NFS was an incredible experience for us,” Victor Edozien, AG Manufacturing’s CEO, “We never expected this process to be so easy. NFS was fast, knowledgeable and transparent throughout all of our interactions. They structured a custom transaction to meet our needs and enable our growth.”
AG Manufacturing, a manufacturer of a variety of wire and cable assemblies and engine solenoids/actuated components for the automotive OEMs, automotive aftermarket, and military industries. It is also a certified minority and veteran-owned business.
Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!
Joe Nachbin’s passion for equipment finance was so strong, he remained dedicated to his work until two hours before he passed away in July 2022, according to his wife, Ruby Nachbin. Attorney and investment banker, Paul Bent, senior managing director... read more
Robert Preville is a serial entrepreneur and investor constantly on the move, having founded and led several high-growth companies in the B2B arena before leading APPROVE, an embedded finance software. Earning this year’s Disruptor Icon award, Preville’s approach to leadership... read more