This renewable energy company is on a quest to change the way consumers use energy. For nearly 20-years they have been working to perfect the production of ethanol using corn. This has helped their local farmers and, they believe, has helped the environment. They have nearly two-dozen facilities across the country and take their company and corporate culture seriously.

After persistent follow up and relationshipping with the Lessee, he was willing to “pull a deal away from one of his other lenders and give it to us.” This was a $3.2MM ethanol plant that had significant urgency–the vendor needed to be paid soon. The Lessee wanted a 48-month buck out. They signed a 36-month PRT. Once in credit, we modified to include quarterly payments, which they agreed to. After working with credit and getting feedback that projects in the ethanol industry were tough to get done, we restructured to a 24-month PRT with quarterly payments, which the Lessee was happy with. We were able to meet the Lessee’s funding timeline.