CSC Leasing Co., a Richmond-based provider of leasing options for startups and life sciences firms to acquire equipment, has raised $50 million in debt financing, according to a Securities and Exchange Commission filing.
The 37-year-old company provides nondilutive and low-cost capital under favorable terms so startups and other firms can acquire equipment they need to grow.
CSC did not return a request for comment. The deal likely extends the Richmond company’s overall lending capacity. Seventeen investors are included in the debt offering, according to the SEC filing.
CSC says it has financed nearly $2 billion in transactions to date and has grown to more than 40 employees across the U.S.
Along with technology and life sciences, CSC has worked with companies in the logistics and manufacturing sector as well as with food and beverage companies. The company says on its website it offers lease lines between $100,000 and $20 million.