Crossroads Sells $117MM Worth of a Transportation Portfolio
Crossroads Retains Servicing of Customers After the Sale
Rancho Cucamonga, CA (PRWEB) October 28, 2015
Crossroads Equipment Lease & Finance, LLC (Crossroads) sold $117 Million worth of a trucking equipment loan portfolio. The portfolio will continue to be serviced by Crossroads. The sale for part of Crossroads trucking equipment portfolio was strategic in efforts to provide capital to pursue new business ventures.
With Crossroads’ industry low delinquency rates derived from strong customer service, retaining the ability to support the customers of the Transportation Portfolio was important to maintaining high customer satisfaction.
About Crossroads Equipment Lease & Finance, LLC
Founded by the Velocity Vehicle Group (VVG) in 2006, Crossroads Equipment Lease & Finance, LLC (Crossroads) originally supported the VVG dealership network and all surrounding Southern California commercial truck dealers. To date, Crossroads has evolved into a national brand offering a suite of value-added services and products with a focus on flexible and customizable options.
For the original version on PRWeb visit: http://www.prweb.com/releases/2015/10/prweb13044029.htm
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