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Boston Financial & Equity Closes Two Transactions

September 09, 2014, 06:00 AM

Boston Financial & Equity (BFEC) provided a $200,000 equipment lease for a Dynamometer for a Massachusetts company founded by a team of MIT engineers (named to the Forbes Top 30 under 30). Initially backed by Angels, the company received its first round of $6MM from a Venture fund.  The company has introduced a “new” suspension system for autos and trucks. The company's technology virtually eliminates the perception of road bumps, while enabling unprecedented handling.

BFEC also closed was a $200,000 equipment lease for a Bench Top Extruder for its patent pending technology. The company, originating out of North Carolina creates polymers from low value renewable biomass such as corn starch. The company is a zero revenue company, but its future plans are to begin commercializing two new products, one for water treatment, and one for a super absorbent polymer to be used in commercial materials.

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