Tetra Financial Group announced the completion of a lease transaction totaling $6.4 million in the Ethanol industry.
The funds in this lease were used to pay for the design costs, construction, and installation of state-of-the-art processing equipment. The equipment is very specialized with patent pending technology and will be used in the production of corn oil. The financing was very time sensitive and Tetra was able to fund the entire project in less than a week. Tetra is also currently looking at another financing project with this same customer.
“We are extremely excited to be involved with this company. As one of the largest producers of Ethanol in the world, they will be a tremendous addition to our portfolio. Ethanol is currently viewed by many lenders as a challenging industry. Even when facing a tough industry, our company has the unique ability to look past that and still recognize a solid borrower. We look forward to additional business and a long term relationship with this organization,” said Ryan Secrist, executive vice president of Tetra.
Since its inception, Tetra Financial Group has been providing finance services to companies of all sizes and types. From Fortune 500 companies to smaller private enterprises, Tetra notes that it has the capacity to finance a broad range of corporate equipment types with competitive pricing and creative structures. Tetra Financial Group is a member of the ELFA, NEFA and NAELB.
No tags available
Background of Sale-Leaseback Accounting A sale-leaseback occurs when a company sells an asset to a lessor then and leases it back. The leaseback may be for the entire asset or a portion of it (as in real estate) and for... read more
We can’t remember the last time we rented a car during business travel. Ride sharing is so much easier and usually less expensive. No rental car pickup, parking hassles, hotel valet fees or airport car drop-off. Ride sharing services and... read more