Empowering Growth: A Flexible Financing Solution for an Equipment Leasing Company

The Situation

An established equipment leasing company based in California was poised for expansion but found itself hindered by its existing banking relationship. Despite the support from their bank lender, strict concentration limits and a conservative lending structure capped the company’s growth potential. Recognizing the need for a more adaptable financial solution to leverage their equity and facilitate future growth, the company turned to Haversine Funding for assistance.

Initially, the company considered a subordinated debt facility. However, after a comprehensive review of their financial situation and strategic goals, Haversine and the company identified a more scalable solution that would better meet their needs and position them for long-term success.

Financing & Business Issue

Financing Amount:

$5,000,000 Senior Line of Credit

Business Issue:

The company’s growth was stunted by their bank’s conservative lending practices, which imposed stringent concentration requirements. These restrictions limited their ability to fully capitalize on their line of credit.

Haversine Funding addressed these limitations by providing a $5,000,000 senior line of credit with higher advance rates and less restrictive concentration requirements. This tailored financing solution empowered the leasing company to maximize its credit line and achieve greater scalability. With increased financial flexibility, the company could now take on larger-sized deals, onboard additional clients, and expand its portfolio without the restrictive caps that had previously been in place. This new line of credit gave the company the freedom and confidence to pursue its growth ambitions, knowing they had a financial partner willing to adapt to their evolving needs.

The Win

Haversine’s commitment extended beyond simply providing financing; we became a strategic partner dedicated to the company’s long-term success. Our industry expertise and flexible funding solutions enabled the leasing company to overcome prior limitations and confidently pursue their growth vision.

With Haversine’s support, the company is now well-positioned for expansion and equipped to seize new opportunities as they arise. This partnership underscores Haversine’s dedication to crafting tailored solutions that empower clients to achieve sustainable growth. Our approach is not just about funding—it’s about building lasting relationships that drive success and establish trust.

By choosing Haversine, the equipment leasing company broke free from the conservative constraints that had hindered its growth. They now have the capacity to scale their operations, confidently embark on larger projects, and grow their client base, secure in the knowledge that their financial partner is committed to supporting their journey.

Benefiting from Haversine Funding's reliable and flexible financial support, the company can now confidently pursue their goals, taking on larger deals and expanding their market reach. This success story illustrates Haversine's role not just as a lender, but as a strategic ally in their clients' growth journeys.

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