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Sertant Capital Adds Cline to Sales Team; Completes $5.1MM in Funding

January 11, 2021, 07:25 AM

Sertant Capital announced the addition of Timothy Cline to the Sertant Capital sales team as Senior Account Manager. Cline will be based in Southern California and will manage Sertant Capital’s market expansion efforts throughout the Southwest region.

Cline brings more than seven years of experience to Sertant Capital, working in various roles within the financial services industry. Cline holds a B.A. in American and European History from California State University at Sonoma.

“Tim’s knowledge of the equipment leasing industry and his can-do attitude will fit well within Sertant’s overall organization” said Sertant Capital President and CEO Daniel. J. Krajewski. “I’m excited to have Tim on the team.”

“Sertant’s ethical approach to business and their strong ties to the ELFA attracted me to join the company,” said Cline. “I look forward to working with the entire team of outstanding professionals at Sertant.”

Sertant Capital Completes Five Transactions

Sertant Capital completed five transactions totaling $5.1 million in December:

  • $1.9 million for processing equipment and yellow iron for a major processor and distributor of frac sand;
  • $1.8 million for manufacturing equipment for a Texas company serving oil field production facilities;
  • $791,000 for the acquisition of titled vehicles by an energy services company;
  • $361,000 for the re-finance of processing equipment for a sand mine and processing center located in Kansas; and
  • $247,000 for the acquisition of various medical equipment by a regional hospital located in Missouri.

For each transaction, Sertant Capital deployed its extensive institutional funding capabilities to access the required capital. Sertant Capital was able to meet the requirements outlined by each client and offer terms and flexible structures to address the unique cash flow circumstances for each company. All transactions were processed in a swift and timely manner to ensure the capital was delivered when needed by each client. The completion of these transactions underscored Sertant Capital’s breadth and depth of commercial financing expertise and capital market relationships.

Sertant Capital is an independent commercial finance company based in Newport Beach, CA.

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