Salt Lake City, UT (PRWEB) March 27, 2015
Tetra Financial Group announced today that it has provided $800,000 in lease financing to a large Ohio-based Ethanol company for a grain elevator. The company’s operations involve the purchase, storage and sale of corn, soy beans, wheat and various other types of grains.
The financing in this transaction was for a grain elevator, silos, bins and conveyors. The grain elevator has a storage capacity of over 2.0 million bushels and will help support the company’s growth strategy by providing it with a larger footprint to procure product and greater storage capacity.
The grain elevator was acquired in a private party sale, rather than from a commercial equipment vendor, which was facilitated by Tetra Financial’s flexibility and commitment to serving its customers’ critical equipment financing needs. Tetra Financial’s expertise allowed it to provide not only sale-leaseback financing for used equipment, but also to provide financing in the challenging ethanol industry. Tetra Financial is able to provide financing for a large variety of equipment, regardless of the industry.
About Tetra Financial Group
Tetra Financial Group is a leading independent equipment finance and leasing company based in Salt Lake City, Utah. Tetra Financial provides flexible, tailored equipment financing solutions for a wide variety of equipment to small, medium and large sized companies throughout the United States and across multiple industry sectors, including healthcare, manufacturing, aircraft, technology, software, energy, construction, mining, and transportation, as well as specialized and non-traditional equipment. Tetra Financial’s national funding platform allows it to provide effective financing solutions to help companies meet their critical equipment needs wherever they are located. To learn more, please visit http://www.tetrafg.com.