February saw a big uptick in financing from January as businesses continue to utilize flexible and speedy financing options to capture new market opportunities. The range of equipment and vehicles we finance is vast so there are always interesting transactions. We helped a small Arizona rental car company that started to turn over its fleet by providing $200K in financing. A few of the other transactions I managed in February included the following: $180K for TV equipment for a syndicated cooking show, $300K in breath analyzing equipment that helps to prevent driving under the influence.
Feb. was a big trailer month for Madison as we provided over $300K in used trailer refinancing. Not sure why there was high demand for that market; however, we are happy to assist where we can. In addition, Madison financed 4 new Limousines for a long time customer in the $350K range.
Thanks as always for this business. It is always great to develop new relationships as well as hear from long-time customers. Looking forward to March madness!