Essex Capital Group, Inc. announced that the company has started a new equipment leasing affiliate. Essex Funding, Inc. has been formed to provide equipment manufacturers and distributors with a proprietary vendor leasing program designed to fund their customers' equipment purchases. 
 
Robert D. Swain, Essex President, commented "As we continue to advise companies on their capital requirements, it is clear that customers' ability to finance purchases can have a substantial impact on the percentage of equipment sales that close. We're excited to now offer a simple, 100% financing solution for equipment buyers that might not otherwise have access to such a financing mechanism."
 
Mr. Swain added, "Our vendor finance program allows small and mid-market CFO's to match the financing with the asset. Working capital is more properly allocated, and traditional lines of credit don't have to be tapped for long term capital expenditures."

Essex Capital Group, Inc. is a Tampa, Florida-based corporate finance firm serving small and middle market privately-held companies located throughout the United States. With extensive capital markets experience, Essex provides creative solutions to businesses in need of financial restructuring. Typical advisory services include balance sheet recapitalizations with senior and subordinated debt. Since inception in 2003, Essex has successfully raised in excess of $400 million for its corporate finance clients.