A company that rents medical equipment to healthcare institutions came to CFP looking for cash to help them grow. CFP funded 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, the Commercial Funding Partner (CFP) was able to pull through and get funding to help their growth as a company.