Draper, Utah – Mazuma Capital is funding a $4.5MM operating lease on industrial ovens for a growing mining company. The ovens will be used in refining a rare ore only found in a remote area of the western United States. The ore is an ideal resource that improves quality in products ranging from paints to cement and asphalt. "It feels great to provide our client with the exact funding and tax structure they needed," Said Matt Burrows, Senior Vice President of Sales for Mazuma Capital. "Our transaction structure met our customer’s needs by fueling expansion while preserving their capital and giving them a lower monthly payment.” About Mazuma Capital Corp – Mazuma Capital is an Equipment Leasing & Financing company providing capital and funding options to companies throughout the United States. Mazuma’s experienced leadership focuses on matching their client’s financing needs with terms that help businesses fuel growth and achieve goals.
Draper, Utah – Mazuma Capital is funding an additional lease schedule for a nation-wide transportation company. The client, with operations spread across the United States, is using the funds for new busses to meet increasing demand for their services. This newest lease schedule brings the current total they have financed with Mazuma to $4.5MM. “Financing for specialized, modified vehicles can be difficult to secure,” said Matt Burrows, Mazuma’s Senior Vice President of Sales. “Our unique and flexible funding resources help our customer manage their cash flow and benefit from the tax advantages our leases provide. They value these benefits, and keep coming back to us for additional financing. It is very satisfying to build long-term relationships and help our customers grow.” About Mazuma Capital Corp – Mazuma Capital is an Equipment Leasing & Financing company providing capital and funding options to companies throughout the United States. Mazuma’s experienced leadership focuses on matching their client’s financing needs with terms that help businesses fuel growth and achieve goals. More information can be found by calling 801 816 0800 or visiting www.mazumacapital.com.
Draper, Utah – Mazuma Capital, a leading national direct lender, announces today it has approved a $5 million transaction for a large Appalachian coal company. The NYSE-listed company has billions of tons of rich deposits and active mining complexes in numerous states. The climate for financing commodity-base companies is solemn–prospects are even more uncertain for coal producing companies. Underground mining equipment makes some financing companies all the more reluctant. Price volatility of commodities over the past few years has made lending institutions indecisive on leasing commitments. Additionally, apprehension over legislative or regulatory changes represent a residual concern. However, progressive underwriters know the standing of this energy staple to the United States. Clean coal technologies such as coal gasification and carbon sequestration represent an energy bonanza for America where experts estimate we may have a 300 year reserve of fuel. “Our underwriters were able to take an objective view of the industry and the lessee without deviating from their core requirements. Where some hesitated because the collateralized equipment is deployed underground, our team saw a vibrant company with massive resources, excellent cash flow, and a track record of environmental sensitivity,” said Executive Vice President of Sales for Mazuma Capital, Matt Burrows.
Draper, Utah – Mazuma Capital, a leading middle-market national direct lender, announces today it has completed a $6.8 million lease facility for one of the oldest precious metals mining companies in the country. This low-cost production leader is highly successful in speculative exploration in the U.S. and internationally. Lease proceeds will be used for underground mining equipment such as haul trucks, earthmovers, bulldozers, rough-terrain forklifts, etc. This type of underground mining equipment is challenging collateral for most underwriters as it is difficult to locate for inspection audits and is subject to aberrant mining events. The company’s chief financial officer praised Mazuma for overcoming these issues. “This was a complex transaction. In addition to the geographically transient nature of the collateral, we needed to work with multiple subsidiaries and within an industry that experienced rapid contractions in market capitalization,” said Matt Burrows, Mazuma’s executive vice president of sales. “But our rigorous underwriting practices reveal key data giving us the confidence to know whether an industry has experienced an enduring change or mere market cyclicality.”
Draper, Utah – Mazuma Capital has funded a $2.7 million lease transaction with a national market research firm. The company’s knowledge-base product is aggregated data from various methods and sources synthesized into actionable data for its diverse client base. The financing was structured to meet the company’s nonconforming requirements. Approximately 15% of the financed project consisted of computer hardware while the balance was approved for soft costs including software development and acquisition of high-end ancillary software tools. The company’s chief financial officer said, “Our company pursued Mazuma because the transaction was creative in meeting our asset mix and accounting treatment requirements, with competitive pricing and terms too. In addition, their staff was great to work with!” Mazuma’s Executive Vice President of Sales Matt Burrows said, “There were a number of hurdles with this transaction. The company had an abridged operating history and the collateral was somewhat atypical. We just look at every situation and figure out what it takes to make it work. Clearly some transactions require more creativity, but we can often find a fit when other lessors capitulate.”
Draper, Utah – Mazuma Capital today announces it has completed a $4.8 million lease facility for a western not-for-profit healthcare provider. The hallmark of the company is honoring diverse issues on a community-by-community basis within an omnibus healthcare system spanning multiple states. Most large healthcare conglomerates attract willing lenders. This lessee was no different, drawing multiple money-center institutions offering senior principal commitments totaling nearly a billion dollars to finance budgeted projects. However, crafting a transaction that was both effective and flexible-and largely soft costs-was a deal only Mazuma could bring to fruition. In addition to capital equipment, 80% of the lease was for soft costs, and none of the company’s incumbent lenders could provide financing for such ethereal collateral. The company also had multiple objectives concerning the tax and accounting treatment of the lease, and we were able to provide them with a creative structure that met their needs. “They needed a lease structure that would allow them to fund their projects over a 10-month period without incurring additional origination fees or punitive interest on idle capital,” said Matt Burrows, Executive Vice President of Sales for Mazuma Capital. “We did this by structuring the deal into four separate schedules under a master lease agreement that mirrors their senior credit facility agreement.”
Large American coal producer seeks out Mazuma Capital in funding fuel-efficient equipment to enhance production
Draper, Utah – Mazuma Capital, leading national direct lender, today announced it has funded $7.5M so far against an overall $9.4M commitment for a large American coal producer. The coal producer sought an experienced funding source with in-depth knowledge of the mining industry. There were many challenges present in the transaction from the type, use, and locations of equipment to the challenges present with an evolving global coal market. There were also several factors that presented additional hurdles with the credit due to recent growth and acquisitions. Because of these challenges the financing required innovative structuring components along with solving the coal producer’s funding objectives. bigstockOneQuarryToTheDusk_2450516 The company was concerned that the cash flow of the leases needed to allow for growth initiatives and to provide the ability to expense payments over time as new environmental campaigns were launched. Moreover, Mazuma Capital was able to secure the approvals and work with the company to achieve these funding objectives. “This coal producer has a very large footprint in the mining industry and they continue to draw upon Mazuma Capital’s unique market positions and access to funds to propel their business forward. Through our exclusive access to capital, and aggressive structures we’ve been able to provide significant value year after year for this company”, said Kelly Holladay, Account Executive at Mazuma Capital.
Draper, Utah – Mazuma Capital, a leading national direct lender, today announced that it has funded over $12.5 million for a U.S. high quality thermal coal producer. The coal producer sought several funding sources that had expertise in funding newer companies. They had many challenges present in the transaction from the type of equipment, to the documentation aspect. There were also several factors that affected the credit due to recent mergers. Due to these challenges the financing was denied through several well-known banks and vendors. Mazuma Capital was ultimately the right financing source to help structure and fund the transaction. A favorable structure was an important objective in order to provide cash flow, the appropriate tax, and accounting factors to meet the financial goals of the company. The structure also needed to provide 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. “This is a newer company that is still in the midst of a huge growth phase. Therefore, this transaction produced several challenges in finding a suitable financing structure to meet the goals of the company. The lack of history, recent buyouts, and mergers made this a more difficult credit. Our team worked hard to develop a perfect balance with the right structure, and suitable terms for the company,” said Jared Belnap, President and CEO of Mazuma Capital.
Draper, Utah – Mazuma Capital, a national direct lender, announces it has funded a $2.7 million dollar transaction for one of the nation’s longest running renewable and alternative fuel companies. The company leads through its visionary goal of transforming the way energy is used and how it affects the environment. With major orders in backlog for new energy projects, the company faced growing pains and needed financing for new equipment. This search lasted over nine months as they were turned away from several well-known lending institutions. Due to the lack of collateral, low profitability and the new technology being produced no lender felt “comfortable” with the risk. Mazuma Capital entered and was able to provide a flexible lease option to meet the time requirements and financial needs of the company. Mazuma Capital’s underwriters brought their experience, creativity, and knowledge of renewable energy transactions to securing funding. A 36-month operating lease was chosen to help the company keep on schedule with its backlog. “Working with Mazuma Capital allowed us to continue our mission of providing energy independence without a delay. The innovative structure Mazuma offered us was exactly what we were searching for,” said the CEO of the Biofuel Company. “The people at Mazuma were proactive and were able to deliver, and meet our expectations. The personalized services were unique and very professional, yet still customized to us.”