Draper, Utah – Mazuma Capital Corp., a national direct lender, committed $1.5 million to a regional transportation logistics company, which provides competitively priced scheduled air cargo flights throughout the Western and Southwestern United States and Hawaii. The firm is expanding its aircraft fleet. The company is actively seeking to acquire additional routes, customers and plans to add additional aircraft this year.
“This was a high-value transaction for our client, as we were able to replenish operating cash by structuring this as a sale-lease back,” said Matt Burrows vice president of sales for Mazuma. “We always take pride in securing financing for our clients, but it’s a premium advantage when we can use an existing asset to provide additional funding-especially in a tight credit market,” said Burrows.
About Mazuma: Mazuma Capital is committed to our client’s success. Our unique capabilities and innovative product offerings provide solutions accelerating financial growth. Servicing both rising companies and established businesses, Mazuma continues to secure its position as the middle-market industry leader. We build long-term relationships by delivering on our commitments. Mazuma co-authored the Utah Best Practices Alliance and subscribes to the ELFA Code of Fair Business Practices.