April 2, 2014, Riverside, CA – Fleet Financing Resources (FFR), equipment lender servicing the commercial vehicle fleet industry, reports it has completed $2.1 million of financing for Herrera Coaches, Inc. The financing was for 25 full-size conventional 2015 Bluebird school buses.

Herrera Coaches, Inc. has been in business for over 80 years and is one of the largest school bus operators in New Mexico. With over 150 school transportation vehicles in their fleet, Herrera Coaches is family owned and operated serving two major school contracts.

“Our strong relationship with the Herrera Family spans many years and multiple financings. These folks exemplify our core customer type, as a closely held and managed family business operating school Buses, motor coaches, and livery vehicles of all types (purchased new and used)”, comments Garland Tillery, Senior Finance Officer.

FFR, a national lender, manages a current portfolio receivable of $120 million in titled transportation equipment including motor coaches, buses of all sizes, school transportation, vocational trucks, and all livery related vehicles.