ATEL Leasing announced the completion of a $30 million lease line for over-the-road trailers with a Fortune 50 corporation. ATEL and the lessee have had a longstanding relationship and have financed over $85 million of equipment in the past three years alone. For accounting purposes, the lease is structured as an operating lease and a true lease for tax purposes.
?The closing of this lease line highlights the critical importance for a lessor to provide the ?three R?s? when working with a customer,? commented Bill Bullock, ATEL?s national sales manager. ?Customers primarily care about reputation, reliability and rate. One of the decisions a lessee has to make when initially choosing a lessor is finding the one that offers the best balance between providing the most competitive lease rate and their ability to close the transaction promptly and reliably. We?re gratified that we were selected to work with a pillar of corporate America.?
ATEL Capital Group, parent company of ATEL Securities Corporation and ATEL Leasing Corporation, is an international financial services company that offers its clients a wide array of financial solutions including equipment leasing, asset-based lending, venture finance, lease administration and asset management. ATEL sponsors a series of public SEC registered equipment leasing programs.
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Source: http://www.monitordaily.com/atel-leasing-closes-30mm-lease-line-credit/
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