Boston Financial & Equity Closes $500K Equipment Lease for Spin Off Company
Boston Financial & Equity recently closed a lease transaction for $500,000. The Company, a spin off of a major materials handling company, developed a proven and patented process to recover carbon black and other marketable liquid chemicals from discarded tires. It does this with a significant reduction of carbon emissions. The equipment is a Liquid Ring Vacuum pump which is central to their operations. Although the company is not yet turning a profit, it does have contracts with one of the largest tire manufacturers as well as other large companies in the chemical industry.