FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


Boston Financial & Equity Closes Lease Line for Manufacturing Equipment

June 16, 2015, 07:00 AM

Boston Financial & Equity recently closed a $600K lease line for manufacturing and production equipment.

This ten year old “startup has been funded since its beginnings by three venture capitalists with over $20 million. The company develops and produces aluminum nitride substrates for ultraviolet LEDs and Power Supplies.

Although the company is revenue generating, it has accumulated losses of $24 million. They recently signed an agreement  with a Japanese Manufacturer and the new equipment will reduce the outsourcing costs of both the production and the research

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.