ATEL Ventures, Inc. Announces Record First Half of 2012
ATEL Ventures Inc. is proud to announce that the first half of 2012 was the best ever in company history. For the six months ending June 30, 2012, the company’s funded dollar amount increased by over 370% compared to the previous period in 2011.
The change in the economic landscape beginning in 2008 allowed ATEL Ventures, Inc., to capitalize on an emerging growth industry that is dependent upon venture debt and lease financing to capitalize their business expansion.
The company attributes the record increase to a favorable lending climate, strong relationships within the venture capital community and ATEL’s connection with entrepreneurs in the emerging growth industries. “We are very pleased with both the quality and the volume of business funded by ATEL Ventures to date,” said Steven Rea, Executive Vice President of ATEL Ventures. “We are excited to partner with these promising companies by providing non-dilutive capital that enables them to reach that next milestone and grow their business.”
About ATEL Ventures
ATEL Capital Group formed ATEL Ventures, Inc. to provide growth capital term loans and equipment financing to emerging growth companies in information technology, life sciences, and green technology. For information about ATEL Ventures, contact Steven Rea, Executive Vice President, 415-616-3436, firstname.lastname@example.org or visit our website at www.atel.com/venture.
About ATEL Capital Group
ATEL Capital Group is an international financial services company that offers its clients a wide array of financial solutions including equipment leasing, asset-based lending, venture finance, lease administration and asset management. Since its inception, ATEL has sponsored fourteen public SEC-registered equipment leasing programs as well as seven private growth capital investment programs. On August 20, 2012, the U.S. Securities and Exchange Commission declared effective ATEL Growth Capital Fund 8, LLC, a first of its kind public fund formed to provide debt financing to emerging growth and pre-IPO companies. ATEL’s family of Funds has attracted over 46,000 investors since ATEL’s first public program was created in 1986. Additional information about ATEL Capital Group can be found on the Company’s web site at www.atel.com.