NFS Leasing Provides $1.1MM Financing to Gro-Well Brands 



NFS Leasing and Gro-Well Brands expanded their equipment financing relationship. NFS Leasing has financed over $1.1 million of manufacturing equipment for Gro-Well’s production of natural and organic products.

Inspired by nature and motivated to help create a better environment, Gro-Well produces all-natural and organic products from waste that would otherwise end up in landfills. Infusing capital to help North American businesses grow and thrive is what NFS Leasing is known for.

To meet the demand of its own growth, Gro-Well added manufacturing automation and production capabilities in several of its production facilities located across the Southwestern region of the United States. This required $475,000 of additional equipment which finance partner, NFS Leasing provided.

Brett Poteet, vice president of Business Development at NFS Leasing noted, “NFS Leasing’s business is built to support companies we believe in. Witnessing Gro-Well’s growth over the past 10 months is rewarding and continuing to help them get to the next stage in their development is what NFS is all about.”

“NFS has been a very supportive partner for Gro-Well and we are excited that they continue to support the business,” said Dave Hancock, Gro-Well’s chief executive officer. “As we continue to expand our business, we continue to seek greater efficiencies through automation and process improvement. NFS is helping us achieve these important goals.”

 

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com