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36th Street Capital Finances $5MM of Mission Critical Equipment

July 27, 2016, 07:00 AM

36th Street Capital recently provided $5 million of lease financing to a leading managed hosting and cloud services company. The funding of mission critical equipment allows the company to continue making infrastructure investments to support revenue growth.

“The lessee is a fast growing technology services provider needing equipment to support service agreements and a rapidly expanding customer base” explained Kiran Kapur, CEO of 36th Street Capital. “Our extensive experience in technology finance was an important factor in working closely with management to understand the company’s “story” and support its equipment financing needs”.

36th Street Capital is an alternative funding source supporting the equipment finance industry. The firm specializes in transactions with middle market companies who find it difficult to obtain credit from traditional industry sources.

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