Equipment Leasing Group of America is pleased to announce the roll out of its new joint venture with an investment firm that will lease new and used hard equipment assets for tougher credits.

Brent Trebels, Vice President of Sales said “The economy over the last 5 years has created a need for a lease product of this nature. We hope the program will help small and medium size companies grow their businesses and employ additional people. The program addresses companies with credit issues (such as bankruptcy, minimal or negative net worth, start-ups, and/or historical negative cash flows) that either own or are acquiring hard assets. Transaction sizes we are focusing on are between $250,000 and $10,000,000. Eligible equipment includes but is not limited to the following: Construction, Agricultural, Aircraft, Transportation, Cranes, Energy and/or Gas, Graphic Arts, Material Handling, Waste, Medical Equipment, etc.”

Brian Trebels, President of ELGA said “Equipment leases will be approved and funded based on the hard asset collateral value and not the credit worthiness, although in most cases personal guarantees will be required. For additional collateral, ELGA will consider other equipment or real estate, etc. and we will be creative. The dollars advanced will be based upon 75% of Forced Liquidation Value.  The program also includes sale & lease backs to raise working capital.”