Merchants Fleet Expands Funding Group, Raises Funding Capacity To $2 Billion To Lease Additional Vehicles &Amp; Equipment
Merchants Fleet Expands Funding Group, Raises Funding Capacity To $2 Billion To Lease Additional Vehicles &Amp; Equipment
10/13/21, 1:00 PM
Merchants Fleet ("the Company"), the nation's fastest growing fleet management company, today announced a major expansion of its core member funding group to include some of the top banks in the world, enabling the Company to access $2 billion of capacity to lease vehicles and equipment for clients as well as invest in continued growth. The new group of banks and investors is led by French international banking group BNP Paribas who along with Merchants' lead equity partner Bain Capital Credit, represents over $20 Trillion in assets.
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Merchants Fleet is the nation's fastest growing fleet management company, providing flexible funding and service options for organizations that leverage vehicles to run their operations, serving as a single source for all vehicle needs, including electric vehicles. Merchants Fleet is headquartered in Hooksett, New Hampshire, and its Innovation Center is located in the Chicago, Illinois, area. For more information, please visit merchantsfleet.com.