Funding Announcement: $176K Equipment Sales & Leaseback (SLB) for a New Jersey Construction Company

Funding Announcement: $176K Equipment Sales & Leaseback (SLB) for a New Jersey Construction Company

Funding Announcement: $176K Equipment Sales & Leaseback (SLB) for a New Jersey Construction Company
Equipment Sales & Leasebacks Allow Companies to Access Working Capital at Attractive Rates Using Existing Free and Clear Equipment as Collaterals

American Credit, a licensed fintech asset-based financial lender headquartered in Palo Alto, California, is delighted to announce the completion of a $176,000 equipment sale leaseback (SLB) loan funding. The 60-month term agreement, tailor made for a construction company in New Jersey, exemplifies our commitment to providing substantial financial solutions to our business partners.

This transaction underscores the company's ability to leverage free-and-clear equipment to unlock vital capital. By securing a loan pegged to the prime rate, the client was able to strategically allocate funds to retire existing debts and bolster their working capital, reinforcing their financial stability and operational capacity.

This funding event marks the yet another example that the American Credit has had the privilege of supporting this company’s growth and financial health. Such services during the current challenging economic environment accentuates our dedication to fostering long-term relationships with our clients.

Reflective of our previous successful engagements, this transaction mirrors the same values of speed, transparency, and adaptability. Our streamlined processes and innovative use of technology allowed us to expedite funding, ensuring our client could quickly capitalize on their financial strategy without compromising safety or convenience in the current health climate.

Collatralized Loans Typically Offer Better Terms Than Their Un-collateralized Counterparts

At American Credit, we pride ourselves on offering a spectrum of financing options ranging from $20,000 to $5 million, with clear terms and a selection of proposals to suit different business needs. Our approach is always to weigh the merits of the collateral or the borrower’s credit to secure optimal terms, providing our clients with the power of choice between term loans and leasebacks.

We invite businesses to connect with us for their financing needs, confident in our proven track record and our mission to empower their success.

Experience the American Credit advantage by visiting American Credit or calling us at 855-914-0188 for your equipment financing solutions.

Dr. Lei Li, PhD, CFA

Founder and CEO

American Credit, Inc.

2100 Geng Road, Suite 210

Palo Alto, CA 94303

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