This southeastern U.S. based mining company produces and supplies thermal and metallurgical coal to electrical utilities, steelmakers, and industrial companies. They currently operate five mines with an eye toward further expansion.
CapTech Financial, through its subsidiary CapTech Financial, funded $10M in surface and below ground mining equipment. This company was founded in 2008 and had less than 5 years of operating history when CapTech began funding their leased equipment. Although the coal industry was out of favor, CapTech secured the full $10M request and has enjoyed the relationship with the customer.
They chose CapTech because of the solutions we were able to put together that helped them accomplish all of their objectives.