BiggerPockets

CFI News Update On Funded Loan

Wednesday, October 05

3A Finance Group has finalized a binding letter of intent for a 12 million EUR funding with Commerce Financial Inc.

London/Zürich, 22 September 2011 - 3A Finance PLC is pleased to announcethat it has signed a binding letter of intent with Commerce Financial Inc. for a 12 million EUR funding.

Commerce Financial, Inc. (CFI) is a recognized leader in commercial finance in the United States (http://www.commercefinancialinc.com). It is leading the way in commercial lending of all types, including Commercial Real Estate Loans, Equipment Leasing, Sale Leasebacks, Heavy Equipment Leasing,Heavy Equipment Financing, Medical Financing, Accounts Receivable Financing, Factoring, Bridge and Hard Money Loans, SBA Financing, Business Acquisition Financing, Hotel Financing, Stock Loans, Portfolio Liquidations, Private Equity, Joint Ventures and more.

CFI works with small, medium, and large size businesses and have a broad portfolio of financial products to provide the capital to the clients' need. Composed of a group of certified, highly experienced financial professionals, CFI is at the forefront of the commercial finance industry.

This funding opportunity is bound to certain achievable milestones to be reached by 3A, it gives 3A access to six (6) Million Euros funding per annum and a total of twelve (12) million Euros funding in two (2) years. The proceeds will be used in completing and launching 3A's financial products, in promoting and marketing 3A's products and services, in setting up 3A's divisions in Frankfurt, Casablanca and Tunis, in completing strategic acquisitions on the target markets.

'I am very ecstatic and pleased to have a funding deal in place with CFI' Stated Joseph Bourne, Chief Strategic Officer of 3A Finance. He continued:'With this funding 3A will be able to aggressively pursue its business plans without hindrance and obtain a sure-footed position on the emerging markets of Africa and the Middle East'

'It is a great pleasure to be working with 3A Finance' stated Marlo Barge, Chief Executive Officer of CFI. He added: 'We have seen 3A's potential and we have immediately decided to provide the necessary funding for 3A Finance to grow and develop its business undertaken', and concluded: 'the committed total amount of twelve million Euros is for the total period of 2 years and 3A Finance can access 50% of the sum in the first year in accordance with pre-set achievable milestones.'

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