NFS Leasing Partners With Rocket Manufacturing Co to Fuel Testing
FEB 27, 2020 - 6:45 am
A West Coast-based early-stage rocket manufacturer has completed an equipment financing with story lender NFS Leasing. The new space industry company has established a test site and plans to begin test launches over the next 12 months. The $500,000 equipment financing will help the company manufacture critical components on an expedited timetable.
“At NFS, we challenge ourselves to find a way to accommodate deals across many different industries,” said David DePamphilis, executive vice president of NFS Leasing, “Leasing to a rocket manufacturing company is really cool and something we don’t see every day. Finding a way to structure a deal for a company in this industry was challenging, but our team was dedicated to get it done.”
A representative of the company said, “NFS Leasing was incredibly helpful through this whole situation. Getting this equipment funded was critical for our business and now thanks to the team at NFS we are ready to move forward and reach our potential.”
The COVID-19 pandemic has forced many lenders in the equipment finance industry to pivot their strategies to the online or digital environment. This may include payment modifications, self-service capabilities and increased bandwidth for online transactions. The equipment finance industry has... read more
David Lee began his career as an investment banker and evolved into the private equity space, culminating in the management of a large alternative investment hedge fund. In 2012, his investor group acquired Equilease and rebranded it North Mill Equipment... read more