Boston Financial & Equity recently closed a $600K lease line for manufacturing and production equipment.
This ten year old “startup has been funded since its beginnings by three venture capitalists with over $20 million. The company develops and produces aluminum nitride substrates for ultraviolet LEDs and Power Supplies.
Although the company is revenue generating, it has accumulated losses of $24 million. They recently signed an agreement with a Japanese Manufacturer and the new equipment will reduce the outsourcing costs of both the production and the research