Utah-Based equipment leasing firm, AvTech Capital, announces $1.64 million in equipment financing transactions.
AvTech Capital closed $1.64 Million in various equipment financing transactions for customers in Pennsylvania, Tennessee, and Texas. Furthermore, the transactions were operated in diverse industries as transportation, outdoor recreation, energy and manufacturing.
AvTech Capital funded the following equipment financing transactions:
A $615,000 communications and transportation equipment lease for a regional airport in Pennsylvania. 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.
$351,000 for a Pennsylvania ski resort equipment lease. The equipment for this lease was a new snow groomer. AvTech Capital was able to provide a quick turn-around in financing this transaction. As a result, the resort was able to start using the equipment as soon the ski season began.
A $487,000 manufacturing equipment lease for a crude oil processing facility in Texas. The equipment for this lease was two boilers. AvTech Capital 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 automotive manufacturing equipment lease for a Tennessee 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.
Your Equipment Financing Experts
AvTech Capital team of financial experts work tirelessly through all of our equipment financing transactions tailored to every client’s unique and particular needs. As a result, our customers were able to operate their businesses with optimal operating capital while also providing them with top of the line equipment. Talk to any of our financial experts today and start optimizing your business.
AvTech Capital is a proud member of AvTech Financial Group, an association of companies that provides a range of financing and servicing solutions to clients throughout the United States.