Mazuma Capital Corp Funds Used Heavy Machinery for U.S. Central Appalachian Coal Producer

Mazuma Capital Corp, a leading national direct lender, announced today it has funded a $1.5 million dollar transaction for a U.S. thermal coal producer.

The company sought a funding source that had expertise in funding newer companies. Mazuma Capital was ultimately the right choice to help structure and fund the transaction. The company had many challenges present in this transaction from the documentation aspect, which affected the credit due to recent mergers with the company. Due to these challenges the financing was denied through several well known banks and vendors.

A favorable structure was an important objective in order to provide cash flow, and the appropriate tax and accounting factors to meet the financial goals of the company. The structure also provided the ability to expense the payments over time. Mazuma Capital was able to secure an approval in a timely fashion while meeting the needs of the company; from the terms to the unique structure of the company.

“This was a newer company that produced several challenges in finding a suitable financing structure. Due to recent buyouts and mergers, along with the lack of company financials made them a high risk credit. We worked to develop an innovative structure, and we were able to secure the term and desired structure for the company.” Said Buddy Zarbock, VP of Vendor Services at Mazuma Capital.