Tetra Financial Group announced that it has committed $1 million in financing for potato growing, harvesting, manufacturing and transportation equipment for a farm based in Idaho. The farm's operations have been primarily in Idaho, but the customer is now expanding its operations in Texas to better serve the growing market there. The equipment is needed to support the company's expansion plans. The financing provided by Tetra Financial Group was structured as a long-term lease to assist the customer with lower monthly payments during this important expansion phase as the farm implements its strategic growth plan and works toward full production.
 
The financing provided by Tetra Financial Group included funding for both new and used equipment, and also allowed the customer to preserve cash and credit lines. Tetra Financial Group's commitment to serving the critical equipment needs of its customers allowed it to be able to provide its customer with the financing that allowed for the acquisition of new and used equipment, helped meet the customer's cash flow and credit needs at a critical time, and included a wide variety of equipment. Tetra Financial Group looks forward to this customer's future success and is pleased to support its endeavors as a key financing partner.
 
Tetra Financial is a national independent equipment leasing company in the equipment finance industry. From its headquarters in Salt Lake City, Utah, Tetra Financial provides flexible, tailored equipment financing solutions to a diverse customer base throughout the United States. Tetra Financial funds equipment leasing transactions for many types of equipment and in nearly every industry, including healthcare, manufacturing, aircraft, technology, software, energy, construction, mining, and transportation, as well as specialized and non-traditional equipment.