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M&T COMMERCIAL EQUIPMENT FINANCE
850 Main Street BC-03 WATERBURY, CT 06702 Thomas Davies (Primary Contact) (203) 338-6500 (Phone) (203) 757-5122 (Fax) none given (Mobile) tdavies@mtb.com John Vangor (Alternate Contact) (203) 338-6454 (Phone) (203) 759-1840 (Fax) jvangor@mtb.com |
Last Update: |
M&T Commercial Equipment Finance is a: Buyer, Seller
Type of Company:
Bank
The company's core business focus:
We are a subsidiary of M&T Bank which is a $210B bank. We provide equipment leasing and financing options to customer throughout the United States.
Type of FundingSource/Buyer
LenderInvestor
Packager
Source of Funds
Annual Volume Funded
250-500 Million
Individual Transaction Size
The range of transactions the company will fund/purchase:
| $15,000,000.00 | |
| $2,000,000.00 | |
| $500,000.00 |
Lease Structures
|
Conditional Sale/Money-Over-Money Debt Leveraged Lease Operating Lease Sale/Leaseback TRAC |
Lease Terms
| Longest | 96 |
| Average | 60 |
| Shortest | 36 |
Funding/Buyer Programs
The company provides these types of financing:Buy Paper from Brokers
Buy Paper from Leasing Comp
Discount-Nonrecourse
Debt Side of a Leveraged Lease
Fund Leases Individually
Purchase Portfolios
Progress Payments
Our company DOES originate paper.
We DO syndicate or sell paper. Details: We syndicate transactions to manage overall exposure in our leasing portfolio.
Syndications / Portfolios:
Equipment Types| Prefer | Will | Will Not | Not Specified | |
| Agricultural | • | |||
| Aircraft | • | |||
| Automobile | • | |||
| Broadcast/Video | • | |||
| Buses | • | |||
| Cable/Communications | • | |||
| Construction | • | |||
| Emergency Vehicles | • | |||
| Furniture/Fixtures | • | |||
| Gaming | • | |||
| Graphic Arts | • | |||
| Intermodal | • | |||
| Laundry/Drycleaning | • | |||
| Machine Tool | • | |||
| Marine | • | |||
| Material Handling | • | |||
| Medical | • | |||
| Mining | • | |||
| Modular Buildings | • | |||
| Oil and Gas | • | |||
| Packaging/Plastics | • | |||
| Project Finance | • | |||
| Rail | • | |||
| Real Estate | • | |||
| Recreation/Fitness | • | |||
| Recycling | • | |||
| Renewable Energy | • | |||
| Restaurant | • | |||
| Retail | • | |||
| Software | • | |||
| Technology | • | |||
| Trucks and Trailers | • | |||
| Utility | • | |||
| Waste Removal | • | |||
Credit Criteria
Percentage of fundings/purchases (by equipment cost) from:
| Investment Grade | 10% |
| Near Investment Grade | 20% |
| Middle Market | 50% |
| Lower Middle Market | 10% |
| HLT | 10% |
| Start-ups/Venture | 0% |
| Taxes Exempt Leasing | 0% |
| Municipal/Government | 0% |
| Other | 0% |
Our Company is a(n):
Asset-Based and Credit Lender
Special Requirements
| The Minimum Credit Criteria of Obligors: Soft Asset Policy: Not unless we have a rated or non-rated equivalent credit. The term cannot be greater than 60 months. We prefer mostly debt deals and partners with extensive experience with the assets. Industries Most Interested in Funding/Purchasing: Corrugated, Plastics, Packaging, Machine Tool, Manufacturing, Cranes, Motor Coaches, School Buses, Tractors, Trailers, Construction, Marine, Corporate Aircraft, and Material Handling. Industries Will Not Fund/Purchase From: Technology and we are very selective on energy. Lessor and/or Broker Requirements: We require financial statements for companies that service for us (reserved almost entirely for banks or large vendor captives) and references from other funding sources for non servicing related parties. |
ELFA Business Councils
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Financial Institution |
