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


Stonebriar Provides $20MM Lease Financing to Aluminum Supplier

October 26, 2015, 07:16 AM

Stonebriar Commercial Finance announced it has provided $20.0 million of lease financing to a subsidiary of a diversified global supplier of aluminum products servicing the aerospace, automotive and packaging industries. The proceeds of the lease will be used to finance the acquisition of two new automotive manufacturing equipment lines. This expansion will increase production capacity for its US based subsidiary operation and enable the automotive division to produce strategic parts for its OEM customers.

The group treasurer for the global aluminum manufacturer commented "The approval and funding process with Stonebriar was seamless and fluid. We will continue to look to Stonebriar for our equipment financing needs."

Tom Linebarger, Vice President of Marketing for the Midwest territory added, "Stonebriar was able to meet management's commitment deadline related to the equipment delivery. Our streamlined credit and documentation process enabled Stonebriar to respond in an efficient and timely manner."

Since its inception in April, Stonebriar has funded over $130 million in new business with another $160 million in approved backlog.

Stonebriar specializes in transactions for businesses in a wide variety of industries throughout the entire credit spectrum located in the United States, Canada and select other foreign jurisdictions. Stonebriar is a privately held commercial finance company established in April, 2015 and based in Plano, TX. With financial backing from Security Benefit Corporation, Stonebriar is building a world class, multi-billion dollar platform of commercial loans and leases.

Comments From Our Members

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