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Firestone Financial Closes $225MM Credit Facility With RBS Citizens, Others

June 02, 2014, 07:48 AM
Filed Under: Lender Finance

Firestone Financial Corp. a leader in equipment financing, signed a $225 million, multi-year revolving credit facility at the end of last year; this is an increase from the prior facility of $125 Million. The bank group is led by RBS Citizens, N.A. and the lenders include Wells Fargo Bank National Association, Bank of America, N.A., People’s United Bank, Rockland Trust Company, TD Bank, N.A., Brookline Bank, Berkshire Bank and Webster Bank.

Firestone Financial, President and CEO David Cohen said, “Over the past few years we have grown very rapidly and our new office and credit facility will provide us with the tools we need to accommodate our continued growth. We are extremely optimistic about the future of our business and the industries we serve.”

Since 1965, Firestone Financial has helped businesses by provided equipment financing nationwide providing competitive financing solutions for the video gaming, amusement, vending, carnival, fitness, and commercial laundry industries.

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