Utah-Based equipment leasing firm, AvTech Capital, announces $1.64 million in equipment financing transactions.
Salt Lake City, UT (March 31, 2015) – AvTech Capital announced today that it has closed $1.64 Million in equipment various financing transactions for customers in Pennsylvania, Tennessee, and Texas, and operating in such diverse industries as transportation, outdoor recreation, energy and manufacturing.
AvTech Capital funded the following equipment financing transactions.
A $615,000 transportation equipment and communications equipment lease for a regional airport in Pennsylvania. The equipment for this lease included new service trucks, ground equipment, and communications equipment for the airport. This equipment was needed to upgrade the customer’s current truck fleet and communications equipment used by employees at the airport.
A $351,000 equipment lease for a Pennsylvania ski resort. The equipment for this lease was a new snow groomer. AvTech Capital was able to provide a quick turn-around in financing this transaction so the resort could start using the equipment as soon as possible during the ski season.
A $487,000 manufacturing equipment lease for a crude oil processing facility in Texas. The equipment for this lease was two boilers. AvTech Capital provided progress funding for four months while the equipment vendor completed the equipment. The boilers are helping our customer expand its current operations and product development.
A $193,000 manufacturing equipment lease for a Tennessee manufacturer of automotive assemblies and other engineered metal products with a turnkey operation of design engineering, testing, and supply chain management services. This is a follow-on lease financing for an existing customer. The equipment for this lease included warehouse hoists and a line probe.