A family-owned sand mine came to Global Financial & Leasing Services (GFLS) in February of 2022. The company was looking to finance mining and excavation equipment. The company had previous judgements of more than $200,000, and one of the co-signers had a previous bankruptcy and a credit score below 550. We took our time working with the customer in getting the full story of their judgements, with a major part of the judgement stemming from a former landlord unilaterally selling his leased equipment.

By getting the big picture and story behind the customer, we were able to have our credit committee understand that this family-owned company is also a company that would have future success if we gave them the opportunity to expand their business. This sand mine is now a GFLS customer and has been on time with payments.