Plastic Manufacturing

Special Terms:

60 months, external approval by Sumitomo, Loan, good buy rate, prorata.

Purpose:

Finance a critical piece of manufacturing equipment that carried significant ROI potential.

Challenge:

Securing the most competitive rate was essential. A Type 1 lender had already declined the request, making rate structure and terms a primary concern.

Solution:

Structured a highly competitive financing package tailored to the size of the equipment and vendor requirements. Underwrote commercially to unlock better rates, secured favorable term length, and accommodated all vendor progress payment terms.

Impact / outcome

1. No initial payment needed to the vendor from the company
2. Ability to streamline delivery and installations
3. No need to worry about anything regarding financing. AFG took care of all communications to vendor, they focused on other projects.

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