ELFA - Equipment Leasing and Finance Association - Equipping Business for Success

NFS Leasing, Inc. Closes Debt Financing with AG Manufacturing that Buys Out Existing Lender and Provides Working Capital

Posted 02/10/2020
February 10, 2020, BEVERLY, MA - AG Manufacturing is a leading manufacturer of a variety of wire and cable assemblies and engine solenoids/actuated components for the automotive OEMs, automotive aftermarket, and military industries. It is also a certified minority and veteran owned business.

NFS Leasing, Inc. and AG Manufacturing announced they have closed on custom financing for AG that buys out its existing lender and provides additional working capital. This working capital will support AG in its endeavors in continued growth and expansion and allow it to continue to serve its customers with the excellence it has become known for.

“Completing a deal like this was extremely valuable to NFS,” says Dean Oliver, Principal at NFS Leasing. “We are known for unique stories and deals such as this certainly help showcase our true capabilities.” NFS Leasing is known as the story lender and works with challenged credits of all kinds from start-ups to turnarounds.

“Working with NFS was an incredible experience for us,” Victor Edozien, AG Manufacturing’’s CEO. “We never expected this process to be so easy. NFS was fast, knowledgeable, and transparent throughout all of our interactions. They structured a custom transaction to meet our needs and enable our growth.”

To contact NFS Leasing, Inc. for a custom finance solution, visit their website here: https://nfsleasing.com/contact/

ABOUT NFS LEASING, INC.

NFS Leasing is a privately held North American leader in Equipment Finance with more than 18 years’ experience. NFS provides solutions supporting businesses and organizations with challenged credit including early stage, start-up & pre-revenue, financially distressed companies and turn-arounds. NFS uses its own balance sheet capital and provides fast flexible credit decisions. Since 2001, NFS Leasing is proud to have created thousands of jobs and infused almost $1,000,000,000 of capital into credit challenged firms, a segment of the economy that struggles to secure critically needed financing.  Contact us today and tell us your story.  www.nfsleasing.com

BOSTON HEADQUARTERS

900 Cummings Center Suite 226-U Beverly, MA 01915

Email us at info@nfsleasing.com

Call us at 866.970.4NFS (4637)


Author
Brian Hunter
Organization
NFS Leasing
Phone Number
9787124055 ext. 142