The companies had been working closely together to provide leasing services to companies in Mexico, but with different focuses. SQN Latina was focused on providing Mexican peso lease financing to small- and medium-sized companies, while KMEX Leasing was focused on U.S. dollar financing to U.S. companies’ subsidiaries in Mexico. The full range of manufacturing equipment leasing services will now be offered under the SQN Latina banner, with Kevin O’Gara heading up marketing efforts to U.S. companies and equipment vendors.
“This combination increases our ability to provide equipment financing to US manufacturers operating in Mexico, an underserved market, and makes us a key asset to equipment vendors as we can effectively finance all types of customers they have in Mexico,” said Charles Zentay, CEO of SQN Latina.
SQN Latina provides mission-critical equipment leases to medium sized industrial businesses throughout Mexico as well as to manufacturing companies in the U.S. and Canada that have, or are moving, production to Mexico.
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!
Monitor’s fourth annual women in equipment finance list highlights notable women within the industry that have been nominated by our readers and hand-selected by Monitor’s staff and editorial board. Here are this year’s honorees: Maryellen Barbarish Mithu Bhargava Hollis Bufferd... read more
The Convention that (Almost) Didn’t Happen The Equipment Leasing and Finance Association’s 61st Annual Convention was one that almost didn’t happen this year. Originally set to take place on Marco Island, FL, Hurricane Ian changed those plans and caused the... read more