Daily News: August 14, 2014

Diversified Lenders Closes $12MM in July

Diversified Lenders announced the closing of just over $12.0 million in July fundings for customers in TX, VA, NM, KY and LA.

See below for brief description of transactions:

  • $75,000 for an oilfield transportation company for additional working capital for startup
  • $140,000 to a city for municipal infrastructure equipment financing
  • $250,000 for a trucking company who needed more capital to grow and add equipment in the future
  • $550,000 for an electrical contractor to pay off high interest loan
  • $300,000 transaction to improve cash flow and build working capital for an aviation company
  • $600,000 to a hotshot company to maintain current growth and increase profit margin
  • $30,000 lease to supplement existing fleet of gang trucks
  • $6,000,000 to a sand hauling and equipment rental company to increase capital
  • $3,000,000 line of credit to an oil and gas service company to provide working capital to support service company growth
  • $1,200,000 for an over-the-road trucking company to finance the
    purchase of the company