EBT Logistics - Transportation, Distribution of Refrigerated Products

COMPANY INFO

EBT Logistics – Transportation, Distribution of Refrigerated Products

LOCATION

Southeast

BACKGROUND

A start-up industrial vacuum truck company was looking for a financing partner that understood their specialized industry, their business, and the equipment they needed.

A start-up company with a strong business plan, knowledgeable owners, and work lined up needed a financial partner that understood the industry and equipment and believed in the company vision.

Situation

The company founders had a strong business plan, but the banks didn’t understand their need for large, very expensive, specialized equipment and weren’t willing to lend them the money to start the company.

 

The business owners, Kim Ormiston and Daniel Strasburg, each had years of experience in the industrial vacuum industry, having worked for another company until it was sold. For their new company, they developed a business plan outlining the work they would do, the target customers, the competition, and the equipment they would need.

Solution

They learned that Commercial Lease & Finance Corp (CLF) had experience in financing the large vacuum trucks and the support equipment they needed so they arranged a meeting. Kim met with the CLF team and presented the business plan, revenue and profitability projections, and explained their goals. The CLF team of sales and credit underwriters, with their extensive experience in financing vacuum trucks, recognized that Kim and Daniel thoroughly understood the business, the industry, and the market. BG Industrial took delivery of its first vacuum truck in December 2019.

Results

BG Industrial began operation in 2019 with two employees and one vacuum truck financed by CLF. As their business has grown, demand for their services has increased, and they continue to bring on new customers, expand their equipment fleet and employee base, and broaden their geographic service area. Four years later, they have two vacuum trucks, several support vehicles, and eight additional employees.

 

CLF and BG Industrial have developed a strong working and personal relationship that enables them to discuss business opportunities and challenges, including new equipment needs. In addition to financing the initial purchase of their equipment, CLF has refinanced their equipment to help reduce monthly payments and provide working capital to continue business growth.

Frequently Asked Questions

We finance a wide range of equipment, including trucks, trailers, construction machinery, industrial tools, computer servers, medical equipment, and even specialized equipment for niche industries.

Yes, we finance both new and used equipment, including gliders and older trucks that have undergone recent rebuilds.

We work with all credit types and are proud to offer financing options even for new businesses or those with less-than-perfect credit.

Our streamlined process allows for quick approvals, typically within 24 to 48 hours, so you can get your equipment faster.

We offer a variety of solutions, including traditional leasing, loans, working capital, cashout loans, and factoring services—all tailored to your specific business needs.

Generally, we require personal and business information, proof of income, credit history, and details about the equipment you’re interested in financing

Our rates and terms are competitive and customized based on each client’s profile. We’ll provide detailed information during the consultation process.

Absolutely. We specialize in supporting new businesses as well as established companies with our flexible financing options

Yes, we provide refinancing solutions, including sale leasebacks and working capital loans, to help unlock cash flow on existing equipment.

You can easily apply through our online application form. Simply select either the Truck Credit Application or the Equipment Credit Application, and fill out the required details to get started.

Unlock Your Business Potential

Ready to take your business to the next level? Contact Commercial Lease & Finance Corp today and explore the best financing options tailored to your needs. Whether you’re a startup looking for your first round of funding or an established business seeking to expand, we have the expertise and resources to help.