Crossroads Equipment Lease & Finance sold $117 Million worth of a trucking equipment loan portfolio. The portfolio will continue to be serviced by Crossroads. The sale for part of Crossroads trucking equipment portfolio was strategic in efforts to provide capital to pursue new business ventures.

With Crossroads’ industry low delinquency rates derived from strong customer service, retaining the ability to support the customers of the Transportation Portfolio was important to maintaining high customer satisfaction.

Founded by the Velocity Vehicle Group (VVG) in 2006, Crossroads Equipment Lease & Finance, LLC (Crossroads) originally supported the VVG dealership network and all surrounding Southern California commercial truck dealers. To date, Crossroads has evolved into a national brand offering a suite of value-added services and products with a focus on flexible and customizable options.