Utah-Based equipment leasing firm provides $800,000 to ethanol company to finance grain elevator.
AvTech Capital provided $800,000 in lease financing to a large Ohio-based Ethanol company for a grain elevator. The company’s operations involve the purchase, storage and sale of corn, soy beans, wheat and various other types of grains.
The financing in this transaction was for a grain elevator, silos, bins and conveyors. The grain elevator has a storage capacity of over 2.0 million bushels. The elevator will also help support the company’s growth strategy by providing it with a larger footprint to procure product and greater storage capacity.
The grain elevator was acquired in a private party sale, rather than from a commercial equipment vendor. This was facilitated by AvTech Capital’s flexibility and commitment to serving its customers’ critical equipment financing needs. AvTech Capital’s expertise allowed it to provide not only sale-leaseback financing for used equipment in this grain elevator, but also to provide financing in the challenging ethanol industry. AvTech Capital is able to provide financing for a large variety of equipment, regardless of the industry.
AvTech Capital’s team of financing professionals have years of experience in many different industries and see every transaction through from start to finish. Whether you need an agricultural equipment lease or any other equipment financing, AvTech Capital brings an equipment leasing prowess, ensuring that every customer’s needs are being met and each project is completed with a great result.
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