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$4M To Upgrade Aging Fleet

Industry: Transportation
Amount Funded: $4,000,000
Lease Structure: 48-month Capital lease
Schedule Number: Schedule 1
Project Origin: Commercial Funding

Project Description

In the transportation business, whether it is through operational efficiency or maintenance, every penny counts in order to make a profit. Our client had a large fleet of aging assets that needed to be upgraded. CFP was able to fund the entire new fleet along with late-model trucks with reefers, improve per-mile costs, and significantly reduce repair costs. “Our customer’s expertise in the transportation industry, coupled with our knowledge and ability to get deals done, made this transaction a huge success for all parties involved. It was a pleasure to work with them.” – Bailey Turner, Executive Vice President

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Why Commercial Funding Partners

  • * CFP has invested billions into US companies, with 40% returning for additional funding for new projects.
  • * The ultimate measure of success in the equipment leasing business is the number of existing clients returning for additional funding based on their first positive experience.