2011 ICBA Highlights – Capital Asset Finance

2011 was a strong year for OneSource and OneWorld, and we hope it was a strong year for you, too.  Whether you are an existing customer, potential lessee, vendor of capital assets, or lender looking for help with your existing customers, additional loan volume, and new relationships, we look forward to helping you meet your financial goals in 2012.

One of the most exciting developments of 2011 was our classification as the sole Preferred Service Provider to the ICBA (Independant Community Bankers of America) in regard to capital asset finance.  Here is the blog announcing the new relationship: http://wp.me/p1FJkE-1U.    We won this distinction in March of 2011, after an intense 3-yr vetting process.  Below you will find some of the highlighted transactions that we funded through our ICBA relationship in 2011.  It is apparent that community bankers will continue to be a major source of capital to the middle market in 2012 as well.

$850k crane (company in CO/bank in CO) – 10 yr term w/a 25% balloon.

$743k aircraft loan (company in WI/bank in MI) – 6 yr term loan on a 10 yr amortization.

$345k CNC Lathe (company in MI/bank in MI) – Company put 10% into the equipment and financed this out over 60 months – Bank will be picking up additional services and relationships from this company.

$200k loan for an oil pan assembly machine (company in MI/bank in MI) – 4 year term.

225k Equipment (Great Dane Trailers). Equipment Finance Agreement/Loan (Company in MI/bank in MI) – Company put 7% down on this 6 year EFA.

Thanks for reading, I hope this helps!

Mike Wright
Regional Manager
OneSource Financial Corp.
a OneWorld Business Finance Co-Op Member
9420 Research Blvd., Suite 310
Austin, TX 78759

512.458.1300 Ext. 234
512.372.9156 Fax

www.onesourcefinancial.com

Email Me

Visit my personal LinkedIn page

Check out our Blog

Leave a Reply

Your email address will not be published. Required fields are marked *