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CG Commercial Provides $12.6MM to Environmental, Industrial Services Co.

July 15, 2015, 07:00 AM

CG Commercial Finance (CGCF) announced it has provided lease financing totaling $12,605,000 for air movers, liquid-vacuum trucks, cranes, and hydro-blasters used to service the chemical and oil and gas industries.

The transactions were completed through a series of 32 schedules varying from $270,000 to $930,000 over the course of the last 12 months. The combination of managing multiple schedules, numerous vendors, various unique equipment types, and extended timeframes required significant funding capabilities and documentation expertise. Additionally, CGCF continues to fulfill the Lessee’s need for additional credit capacity, a challenge commonly associated with high growth companies.

The Lessee, a private equity sponsored industry leader in hazardous waste management and industrial services with over 90 facilities spread throughout the country, chose CGCF due to its demonstrated ability to consistently overcome transaction challenges while delivering a high level of customer service and satisfaction.

“The reality is that private equity backed companies have far fewer financing alternatives available to them, especially given the uncertainty of larger lenders participating in this segment. This transaction is not only a great example of CGCF stepping in to fill the financing gap in the private equity space but also cements a long standing trusted relationship with this Lessee,” said W. Scott McCullum, President of CG Commercial Finance.

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