One of the largest and most diversified crane rental companies in the US.
NEED:
Critical to maintaining their industry position this client needed to add 17 cranes to their rental fleet in order to keep up with demand.
SOLUTION:
In order to meet many of the client’s needs VFI had to utilize a very creative FMV lease structure. VFI worked very closely with the executives to ensure that each crane was going to cash flow from their rental revenue.
RESULTS:
Cash flow needs of the client were met. Funding took place on a very tight timeline to maintain delivery dates.
BENEFITS:
“In order to get the cranes that we needed to meet our contractual obligations, we put VFI under a very tight timeline. As we needed the funding in 9 business days to ensure we did not lose any of the cranes we needed. VFI not only delivered they exceeded our expectations. This is what a true lending relationship is all about.” Chief Financial Officer