Patriot Wins Transaction By Educating Customer On True Cost Of Captive Lessors Proposed Documents.
Cleveland, OH -- (SBWIRE) -- 04/15/2015 -- Patriot Equipment Finance LLC (PEF) announced today that it has provided a $2,000,000 lease solution for a Toronto, Canada based construction company. The transaction consisted of Caterpillar equipment. The client turned to PEF after thoroughly reviewing and consulting with PEF about documentation from the equipment manufacturer's captive leasing source. The Lessee is a well-established construction company in Toronto Canada with a growing back-log of work and recognized as one of the fasted growing construction firms in Toronto. On the surface, the captive source appeared to be offering a better rate, but after exploring the overall cost of the lease and some of the details in the fine print of the documentation of the captive, PEF discovered and educated the lessee that the overall costs to them would be much higher than the rates they were promised. PEF leveraged its extensive knowledge of the construction industry and its thorough knowledge of tactics some lessors use in meeting their overall yield objectives to educate the client in their decision making process.
"I wanted to take a moment to thank the PEF team for the results they achieved for our company. The team at Patriot Equipment Finance has gone above and beyond in their responsiveness for the leasing of many of our construction assets and truly understood our needs. This was an important project as we were replacing our fleet to meet the demands of a growing backlog of work."
About Patriot Equipment Finance
The principals of PEF boast over 75 years of combined financing expertise in the middle to large ticket finance industry. Our partners past experience include working for some well-known institutions to include Tokai Bank, East West Bank, GE, DLL, Fidelity, ABN Amro and many large private lenders. They have financed collectively over 1.5 Billion Dollars in capital projects from energy to aviation. PEF's goal is to bring a high level of finance/accounting expertise to support our client's capital requirements. PEF has experience financing domestically in the US and internationally with a range of capital sources to meet any client's individual needs. PEF's many benefits include funding capacity for varying credit profiles and equipment needs. PEF focuses on transactions from as small as $250,000 US to $100 Million. Every client and every transaction has their own unique requirements and PEF has the skilled professionals to meet those needs.
Patriot Equipment Finance LLC.
Anthony Salm 844-515-9266 ext. 1001