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