A global provider of coal to power plants, steel mills and industrial facilities.

Need:

The company was expanded into newly opened territory and needed a large financing package to handle highwall miners, front end loaders, dozers and trucks. The equipment manufacturers and their primary banks were at their lending limits, so the company needed a new financing provider.

Solution:

VFI provided multiple rounds of financing totaling $26,700,000 and funded over a period of 9 months.

Benefits:

  • Expanded coal output by millions of tons
  • Increased revenue and profitability
  • Flexible financing to meet tax and accounting requirements


Large Mining Company

$26,700,000


Highwall Mining Equipment and Heavy Duty Yellow Iron