by admin | Nov 2, 2014 | 0 comments
CFP funded a 36-month capital lease for $3.5M of trucking equipment.
A Tele-Sales was looking for funds for software and FF&E. The company is financially solid, and the collateral they were needing was very soft. CFP was able to get them a 36-month capital lease for $1.5M.
A company that produced aggregate materials for construction came to CFP in need of some help. They had just come out of bankruptcy and wanted to open up a new location. CFP was able to get them a 36-month operating lease for $450K.
Commercial Funding Partners (CFP) is not simply in the business of leasing equipment. “Ultimately we want other businesses to expand,” explained Buddy Zarbock, CFP’s vice president. “We value relationships and grow with our customers.”
The group has been in business since 1987 and credits its longevity largely to taking such good care of customers. CFP fosters loyalty through competitive and sometimes creative funding, and with structured interest rates that can decrease with repeat transactions.
With this mantra, CFP has an increasing number of repeat customers, including a recent $1.5 million east-coast manufacturing equipment capital lease on a fifth schedule.
“Too often leasing companies secure a one-time transaction,” Zarbock commented. “It says a lot about CFP that this is our fifth one with this particular customer.”
For an exclusive duck hunting lodge, power loss is not an option. Conventional funding for their large-ticket lease on massive backup generators wasn’t either until Commercial Funding Partners (CFP) stepped in.
With the resort’s remote location, constant power isn’t always reliable, so the backup generators were a must. “I’m not all that interested in having 300 customers all with guns in their hands when the power’s out,” said its owner.
Although this cushy resort, complete with lodges, a restaurant, and a pro shop, attracts people from all over the world, from locals to oil sheiks, there was a funding roadblock when it came to obtaining the generators. The company was a startup—enough to give pause to traditional lenders bound by regulations.
“We came up with an innovative structure that allowed us to take a $400,000 transaction that wasn’t bankable and got it secured with multiple strong guarantors,” remarked CFP Credit Manager Derek Turley.
CFP’s ingenious team is constantly finding ways around traditional funding. Where most banks want to see a track record that spans a number of years, CFP can work with a lessee who has only a handful of months under their belt, often securing a lease deal that actually saves the client money over purchasing equipment outright.
A growing digital healthcare company sought out Commercial Funding Partners (CFP) for a 48-month transaction of $1.2 million in tenant improvement. The company was in need of a business expansion including furniture, computers, and construction costs. The original approval was for $300K but soon the customer’s needs grew. Over eight months, CFP easily came through with the funding and was able to work hand-in-hand with the landlord and multiple contractors, all while making a flawless transaction.
“This remodel was challenging and complicated, but Commercial Funding Partners and their professional staff responded with exceptional service,” said Chief Financial Officer, Justin. “Our funding needs tripled in the middle of this project, and CFP was able to pull through and work with our operations through all of the twists and turns of the remodel.”
Due to the uncomplicated funding by CFP, they are currently working together on a similar project at another location.
A company in the aircraft industry has come back to CFP for a third schedule. CFP was able to fund a 48-month operating lease for $781K for a jet engine. Additionally, the customer will have an increase of $10K per month in net revenue after the lease payment.
“This customer has now returned for a third time to fund a jet engine, totaling $6M of schedules with us,” said Buddy Zarbock, EVP of CFP. “We must be doing something right.”
CFP has now perfected financing aircrafts and accessories in the industry.
A car dealership in California had power bills that were going through the roof. Commercial Funding Partners (CFP) was able to step in and provide the dealership with a cutting-edge generator system for $350,000. A 60-month structure was created for the dealership, and it immediately gave them a positive cash flow from the first day the equipment was installed.
“Because the technology that we needed was so new, we went to multiple lending sources to get it funded,” said the car dealership’s Director of Sales. “CFP was able to get comfortable with the new technology and provide a structure that worked for our customer in a real and profitable way.”
The manufacturer’s technology was reliable, but not well established in the marketplace. CFP was able to take the strength of the credit line and leverage the expertise of the manufacturer into a transaction that worked well for all parties involved.
Commercial Funding Partners (CFP) was contacted by a hotel needing funds for a remodel and FF&E. They were needing $1.4M and CFP was able to quickly give them the capital needed for a successful remodel. The hotel was given a 36-month operating lease and the broker was given a substantial commission.
“We had just secured financing for the hotel land and building,” said the hotel CFO. “We still needed funds for the hotel remodel and new furniture. Although this is tough collateral to produce, Commercial Funding Partners was able to secure this difficult transaction.”
Part of the future of this hotel will include multiple opportunities for expansion and profitably for the customer. CFP will continue to have the capacity to fund future opportunities.
An agricultural company was in need of unconventional funding for some cattle-feeding equipment. Traditional lenders were unwilling to fund the specialized equipment and the agricultural company had to seek funding elsewhere. Commercial Funding Partners (CFP) was able to step in and provide funding for $1,340,000.
“At CFP, we specialize in providing non-traditional funding,” said Buddy Zarbock, Vice President of CFP. “We understand the intricacies of getting specialized loans and have the resources to come through for our clients.”
Not only was CFP able to fund the cattle-feeding system but they also save the company $25,000 on a monthly basis.
A customer sought out funding from Commercial Funding Partners (CFP) to help them complete a processing plant. CFP worked with a broker and was able to get the customer a real estate sale-leaseback of $1.5MM.
“We searched the nation to find someone who would fund this project,” said the customer’s broker. “CFP was able to get us the funding we needed and we were able to get our processing facility online.”
CFP was able to pull through to get funding for the customer, where other funding companies weren’t able or willing to.
Commercial Funding Partners (CFP) was contacted by a stand-alone startup Emergency Room in the Midwest needing $527,000 in funding. The startup had a guarantee of three doctors, and they needed funding for radiology equipment.
“It was a bit difficult to find funding for our startup emergency room,” said emergency room CEO. “We are thrilled that we were able to find CFP—they came through easily with the loan we needed to get this startup up and running.”
CFP was able to fund $527,000 for the radiology equipment needed by the emergency room startup.
A small east-coast construction company was in search of funding for a large concrete-pumping truck. Commercial Funding Partners (CFP) was able to give progress funding of $350,000 on a $750,000 truck.
“The company had special conditions that CFP needed to meet,” said Buddy Zarbock, VP of CFP. “We were able to overcome the obstacles and everything is working very well for both of us.”
With the progress funding from CFP, the concrete-pumping truck represents a positive cash flow of $10,000 a month.
A healthcare company was in need of a lease sale-back for a mobile MRI machine. They were already heavy on assets but needed a way to continue to grow and increase revenue.
“This company had many assets that were holding back their growth,” said Buddy Zarbock, VP of Commercial Funding Partners (CFP). “CFP was able to come in, purchase their assets and free up cash for them which enabled them to pay off their existing lenders. By improving their cashflow, CFP provided them the ability to continue their growth as a company.”
The company received a $650,000 36-month operating sale-back lease for a mobile MRI machine from CFP and the ability to grow in revenue.
After gaining new management following a substantial loss in 2014, a medical center showed solid direction for the future. The hospital pursued Commercial Funding Partners (CFP) for a 3-year capital lease in medical software upgrades. CFP funded $1.4 million over the course of 12 months for the medical center.
“We could see the hospital moving in the right direction,” says Buddy Zarbock, Vice President of CFP. “It was an easy choice to invest in this worthy project.”
Upgrading medical software creates an environment that improves healthcare outcomes for patients. By having advanced in-house technology this medical center will be saving money in the long run. While CFP is leasing the cost of medical software, the medical center will be able to focus more towards advancing research and improving patient programs.
Commercial Funding Partners (CFP) was contacted by an Orthopedic Center that had nine locations. Due to regulations, the company was required to purchase tech and radiology equipment for each location. CFP was able to fund $820K for the Orthopedic Center’s to get their collateral.
“Even though we were dealing with nine locations and no majority owners, we were able to get them funding with no guarantors,” said Buddy Zarbock, Vice President of CFP.
Despite the unique circumstances of the deal, CFP was able to come through with the funding needed for the technology and radiology equipment. CFP used 36 and 48-month operating leases to cater to the needs of the customer and match the economic useful life of the equipment.
A growing rental company had doubled their revenue and needed more equipment to rent. Commercial Funding Partners (CFP) was able to offer them $350K and 36-month operating lease.
“We have funded many deals like this one,” said Brian Walker, National Sales Manager of CFP. “At CFP, we help them buy income-producing assets to help them profitably grow. This is exactly how we helped this group with their rental inventory.”
An agriculture company was approved for an additional schedule of $861,000. They had to replace old farming equipment and were given a 4-year operating lease.
“This client was so pleased with our previous transaction that they came back for more funding,” said Buddy Zarbock, VP of CFP. “We pride ourselves on having most of our business repeat business.”
CFP is fast, efficient and helps companies get the unique funding they need.
A new broker brought a 2-year-old company to Commercial Funding Partners (CFP) in need of specialized rental equipment in the oil field service industry. CFP was able to take their unique transaction and get them $1,500,000 for their rental equipment.
“The company’s transaction needed to be structured,” said Buddy Zarbock, VP of CFP. “We were able to do it in a way that the client could ‘profitably grow’ — just as our slogan says.”
CFP specializes in structuring unique transactions, and is able to do what a bank cannot.
This company came back to CFP for another schedule and was able to get another $1.2M loan.
A young company came to Commercial Funding Partners (CFP) that needed funding with working capital. CFP was able to get them a sale leaseback of $400,000 in well-drilling equipment.
“This company came to us needing working capital,” said Brian Walker, National Sales Manager of CFP. “We were able to leverage their unencumbered equipment for growth, which was extremely beneficial to the young company.”
A company in a small rural city with a growing market was in need for manufacturing equipment. Commercial Funding Partners was able to fund a transaction of $320,000. It was approved only 7 days after the formal credit submission. 20% of the transaction is installation costs.
“We know getting funding quickly is important to continue to increase business,” said Brian Walker, National Sales Manager of CFP. “The relationships and connections we have make it easy for us to get the funding that companies need as fast as possible.”
This transaction will increase the company’s bottom line by 20%.
A company with strong credit and a seasoned executive staff was looking for a loan in software and FF&E. Commercial Funding Partner (CFP) was able to get them a $1.2M 3-year capital lease for their software and FF&E projects.
“This company had many lenders to choose from” said Buddy Zarbock, VP of CFP. “In the end, they chose funding from CFP.”
A new company came to Commercial Funding Partners (CFP) looking for funding on some used equipment that they found.
“At CFP, we enjoy helping young businesses expand and grow,” said Buddy Zarbock, VP of CFP. “We know it can be hard starting out, and that is why getting a lease can be crucial for new-business success.”
The company was able to get $550K in refurbished equipment on a 48-month operating lease.
A doctor came to CFP looking for funding to purchase updated equipment to better serve his patients. CFP was able to get him a 60-month capital lease for $350K.
“This transaction was challen“This doctor was looking to improve his patient’s experience by upgrading his medical equipment,” said Brian Walker, CFP National Sales Manager. “He has been in business for over 25 years, and we are delighted that we were able to get him the funding he needed.”ging,” said Brian Walker, National Sales Manager of CFP. “Despite the red-tape we had to work through, our operations team was able to pull through and give this company the funding they needed.”
A charter jet company was needing a 60-month capital lease to purchase a 30-passenger jet airplane. After contacting CFP for funding, they were able to receive $2.2MM.
“This transaction was challenging,” said Brian Walker, National Sales Manager of CFP. “Despite the red-tape we had to work through, our operations team was able to pull through and give this company the funding they needed.”
Not only was the company able to receive the funding needed for the aircraft, they were able to free up bank lines enabling them to be more strategic with their cash.
A company who rents medical equipment to health care institutions came to CFP looking to for cash to help them grow. CFP was able to fund their MRI machine with a 48-month operating lease of $525K. The equipment was used, so CPF funded the upgrade and infused cash into the company.
“We are excited about this customer,” said Buddy Zarbock, EVP of CFP. “Our goal is to fund a dozen more transactions like this in the near future.”
Although this was a difficult transaction due to the rental equipment being on site, CFP was able to pull through and get funding to help their growth as a company.
A growing, popular franchise in California needed funds to purchase inventory to fulfill new contracts. CFP was able to complete a sale lease-back on industrial baking equipment to facilitate the company’s needs. When CFP found out the owner was a disabled vet that employed other disabled vets they couldn’t wait to get involved.
“We were thrilled to work with a company whose ownership is invested in the families of our fallen heroes,” said Buddy Zarbock, President of CFP.
A trusted broker in CFP’s network had a difficult transaction for a start-up company. The broker knowing CFP’s capabilities reached out to fund $575,000 of FF&E in the restaurant industry.
“Start-up companies are never an easy project,” said Bailey Turner, CFP Manager of Business Development. “Fortunately, strong guarantors in unrelated industries made it possible to fund this project.”
The company was able to fund their project with a 48-month capital lease.
A company in rural Alaska needed to acquire a fleet of bush planes to complete essential government contracts. Commercial Funding Partners was able to provide the 60-month capital lease the owners desired.
“Without CFP’s financing, Medicare transport servicing 35 cities would not be available in rural Alaska,” said Patrick Kauffman, CFP Manager of Intermediary Relationships.
CFP was able to meet the company’s needs and deadlines in a market that currently is difficult to finance.
Commercial Funding Partners was able to facilitate financing for an ERP system enhancement at a local manufacturing company. The enhancement allowed for their production software to link to their accounting system providing for increased efficiency. A 48-month capital structure was used to fund the project.
“Being able to hand deliver documents and work with the client face to face is always a rewarding experience,” said Bailey Turner, CFP Manager of Business Development.
A custom plastic molding manufacturing company in the Rust Belt contacted Commercial Funding Partners (CFP) in need of a $1M manufacturing line. CFP was able to deliver the $1M credit line with a 4-year operating lease. The company doubled their manufacturing capacity and had cash flow from day one.
“We look forward to working with this company and doing multiple schedules in the next 10 years,” said Buddy Zarbock, President of CFP. “They are exactly the type of customer we want to partner with.”
The ingenuitive company services many different markets worldwide.
This long time customer has funded 3 schedules with CFP.
A company in the energy industry came to CFP looking for funding for fracking equipment.
This transaction is part of a fleet of CAT Equipment the customer has been purchasing. Each piece of equipment nets $25,000 per month to the customer