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Stonebriar CF Provides $35MM Lease Financing for Propane Transportation Company

November 22, 2017, 07:10 AM
Filed Under: Transportation

Stonebriar Commercial Finance announced that it has provided a lease line of credit for $35 million to finance chassis and tanks for a major propane transportation company.

Steve White, EVP of Stonebriar, said, "The Stonebriar team moved quickly to understand the Lessee's situation and was able to meet the timeline for funding its capital expenditure needs.

Stonebriar is a privately held commercial finance company established in 2015 and based in Plano, TX. With financial backing from Security Benefit Corporation and Eldridge Industries, Stonebriar is building a world class, multi-billion dollar platform of commercial loans and leases. Stonebriar specializes in transactions for businesses in a wide variety of industries (Aviation Capital, Rail Leasing, Essential Properties, NonBank Lender, marine, transportation, manufacturing, energy, etc.) throughout the entire credit spectrum located in the United States, Canada and select other foreign jurisdictions.

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