Tetra Financial Group announced it closed $1.64 Million in equipment finance transactions for customers in PA, TN and TX operating in such diverse industries as transportation, outdoor recreation, energy and manufacturing.

Tetra Financial said it funded the following equipment financing transactions:

• A $615,000 transportation equipment and communications equipment lease for a regional airport in PA. The equipment for this lease included new service trucks, ground equipment, and communications equipment for the airport. This equipment was needed to upgrade the customer’s current truck fleet and communications equipment used by employees at the airport.
• A $351,000 equipment lease for a PA ski resort. The equipment for this lease was a new snow groomer. Tetra Financial was able to provide a quick turn-around in financing this transaction so the resort could start using the equipment as soon as possible during the ski season.
• A $487,000 manufacturing equipment lease for a crude oil processing facility in TX. The equipment for this lease was two boilers. Tetra Financial provided progress funding for four months while the equipment vendor completed the equipment. The boilers are helping our customer expand its current operations and product development.
• A $193,000 manufacturing equipment lease for a TN manufacturer of automotive assemblies and other engineered metal products with a turnkey operation of design engineering, testing, and supply chain management services. This is a follow-on lease financing for an existing customer. The equipment for this lease included warehouse hoists and a line probe.