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.