Stonebriar Provides $10MM Lease Financing to Agriculture Distributor
Stonebriar Commercial Finance has provided a $10 million lease financing to a major Agricultural distributor. The Lessee is a national best-in-class independent distributor of agricultural input products, including seed, fertilizer, crop protection chemicals and value-added services, selling to farmers, commercial growers and regional dealers.
Steve White, senior managing director at SCF stated, “SCF worked closely with management to create a cost effective financing package that not only addressed their current equipment needs but committed capital for its plans to expand into Florida, California and the Pacific Northwest, in order to benefit from more lucrative crop producing regions.”
Since its inception in April, Stonebriar has committed to in excess of $160 million in financings with over $120 million funded to date. Stonebriar specializes in transactions for businesses in a wide variety of industries throughout the entire credit spectrum located in the United States, Canada and select other foreign jurisdictions.
Stonebriar is a privately held commercial finance company established in 2015 and based in Plano, TX. With financial backing from Security Benefit Corporation, Stonebriar is building a world class, multi-billion dollar platform of commercial loans and leases.
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