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Align Business Finance Closes $1.4MM Term Loan to Iowa Corn and Soybean Farm

May 21, 2021, 07:03 AM
Filed Under: Agriculture

Align Business Finance, a provider of capital solutions to middle-market companies, announced the closing of a $1.4 million financing to a progressive family farm in West Central Iowa. The facility was structured as an equipment sale leaseback, with proceeds used to refinance the farms existing debt and provide additional working capital.  The farm has been in business since 1973 and specializes in corn and soybean custom crop farming.

Commercial Finance Partners served as advisors for the transaction.

Align Business Finance is an asset-based lender that helps borrowers unlock value in capital assets through financing solutions customized to meet the borrower’s needs. Financing solutions include sale-leaseback, capital lease, term loan, secured loan and other structured transactions, and assets include machinery, equipment, and industrial real estate.

Align provides capital to companies across a wide range of industries, including agriculture, construction, energy, food and beverage, healthcare, industrial, manufacturing, mining, pharmaceuticals, technology, and transportation. Align is part of the ALR Capital Group.

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