GRAND ISLAND, NE – August 17th, 2017 -- Amur Equipment Finance (AmurEF), a 2016 Top Ten independent equipment finance company, announced the company has entered into a new $75 million warehouse credit facility with Pioneers Gates LLC. AmurEF worked directly with Pioneers Gates, retaining no outside structuring agent for the agreement.
“Establishing this new warehouse facility, while simultaneously renewing our existing KeyBank’s warehouse facility, is a testament to the strength of our overall business,” said Kalyan Makam, Amur Finance Company EVP and Head of Capital Markets and AmurEF board member.
“Pioneers Gates has been very responsive and we are delighted to enter into a new business relationship with a premier funding partner,” stated Shauna Heckathorn, AmurEF Chief Financial Officer. “In support of our long-term plan for business growth, the new warehouse facility allows us to diversify our current funding base, and augments our company’s growing origination needs.”
AmurEF directly serves business owners and channel vendor partners that service an array of equipment-intensive industries including: transportation, construction, commercial and industrial equipment, food service, packaging, and printing. The company offers customized finance programs, including some with same-day credit decisions and funding for its business customers and vendor partners. With a dedicated support team on staff, AmurEF handles equipment financing needs ranging from as little as $10,000 to over $2 million.
AmurEF currently employs over 120 professionals across the United States, with key management, credit processing, underwriting, servicing, and finance functions located in its headquarters in Grand Island, Nebraska. AmurEF also has additional offices in New York, Massachusetts, Pennsylvania, Texas, and California.