Stonebriar Commercial Finance closed an incremental $25 million secured term loan for a regional lumber company. The loan is secured by all production equipment and other assets such as rolling stock, real estate and timber tracts.
“We are excited to continue supporting the expansion and success of a long-time customer,” Steve White, co-founder and executive vice president of Stonebriar, said. “It is rewarding to watch the 3rd generation family member taking over the day-to- day operations and assuming the responsibility of being the largest employer in each of the local communities where production facilities are located — a real American Dream story.”
