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New Drilling Lease

We setup a new lease for a drilling company for an excavator (Cat Excavator Model 307). The customer recently acquired a drilling contract that demanded more equipment and they needed the equipment fast. With limited cash available, the customer decided to leverage their available cash to acquire the excavator.  As a result, they have significantly increased their revenue and profitability. The cost of the excavator was $13,000 and was leased over a 24 month term.  


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