Mining Project: $10 Million
48-Month Quick Pay
Funded Index-Adjusted Rate
Featured Project: Funding Underground Equipment
When Your Primary Lender Won’t Fund Certain Assets
Client Situation: This company had strong financial performance, yet the mining industry itself was not “in favor” with banks at the time. Underground mining equipment was especially out of favor and banks were simply not willing to finance underground assets.
EFFI Provided: EFFI supplied financing solutions for a mining company during a time when the banking community at large considered mining assets (specifically, underground equipment) to be ‘out of favor’.
- From time to time, bankers and lenders will change their appetite for equipment types and industries, sometimes without warning.
- At a time when commodities were trading low and considered volatile, most banks were averse to financing underground equipment.
- EFFI provided a Well Priced & Well Structured equipment financing, supporting the client even when the banks would not.
Finance the assets you need—when you need them—through the ups and downs of the market: firstname.lastname@example.org
See other projects that we’ve funded successfully.
Transportation & Tilted Vehicles
Apple Campus Heavy-Haul Project: $4.5 Million
The largest contract of this heavy haul trucking company’s history came from Apple, Inc. The project required additional trailers and power units in order to prepare for growth in their business and meet promises to their new client...
Food & Beverage
BigBox Food Manufacturer: $11.5 Million
While the client had a concentration in revenue with their BigBox retailer (think Costco or Walmart), we relied on the management experience, long-time relationship with the major brand, and multiple-SKU offering. The facility included production equipment in a multi-faceted line, catwalks, HVAC, and even a packing line.
Construction and Demolition Project: $6.0 Million
When providing union and non-union labor for construction projects, a company must segregate its assets. For union jobs, these assets must not be leased from a non-union entity. Set up an internal startup for inter-company rentals to meet these critical regulations as a construction company. EFFI fulfilled the asset transfer and refinance to establish an internal startup rental company for this construction & demolition business owner.