FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News

Print

Boston Financial & Equity Closes Two Transactions

September 09, 2014, 06:00 AM

Boston Financial & Equity (BFEC) provided a $200,000 equipment lease for a Dynamometer for a Massachusetts company founded by a team of MIT engineers (named to the Forbes Top 30 under 30). Initially backed by Angels, the company received its first round of $6MM from a Venture fund.  The company has introduced a “new” suspension system for autos and trucks. The company's technology virtually eliminates the perception of road bumps, while enabling unprecedented handling.

BFEC also closed was a $200,000 equipment lease for a Bench Top Extruder for its patent pending technology. The company, originating out of North Carolina creates polymers from low value renewable biomass such as corn starch. The company is a zero revenue company, but its future plans are to begin commercializing two new products, one for water treatment, and one for a super absorbent polymer to be used in commercial materials.



Most Popular



Week's News



Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.