LiftHigh Crane & Rigging Expands with New Credit Facility
LiftHigh Crane & Rigging Expands with New Credit Facility
LiftHigh Crane & Rigging, LLC has recently announced a pivotal step in its growth strategy with the securing of a revolving credit facility through Cadence Bank. This funding aims to enhance the company's capacity to operate efficiently and meet increasing demands in the crane service industry.
Positive Partnership with Cadence Bank
Brad Hopper, the Chief Financial Officer of LiftHigh, expressed his enthusiasm regarding the collaboration with Cadence Bank, noting that the bank was approachable and reasonable during the financing process. This sentiment is emblematic of the positive relationship LiftHigh hopes to foster with their financial partners.
Future Growth and Strategic Implementation
Brad highlighted that this facility signifies a crucial advancement in their growth plans. He reflected on how Cadence Bank has been a dependable partner through various ventures, reinforcing the importance of such relationships in solidifying a company's foundation. This step enables LiftHigh to focus more on scaling its operations.
Support for Community and Economic Growth
Blake Patterson, Senior Vice President of C&I Houston at Cadence Bank, emphasized the bank's commitment to supporting local businesses. The revolving line of credit not only assists LiftHigh in executing its growth strategy but also aims to foster economic development by creating job opportunities and reinforcing local enterprises. Cadence Bank values building long-lasting partnerships and is committed to ensuring companies like LiftHigh thrive in their endeavors.
Enhancing Service Capabilities
The newly acquired credit facility is positioned to allow LiftHigh to expand its fleet of cranes, which includes versatile models ideal for industrial, commercial, and infrastructure projects. This operation ensures that LiftHigh stays competitive in the market while increasing its service capabilities across various sectors.
About Cadence Bank
Cadence Bank, a robust regional institution, is committed to the prosperity of individuals and organizations alike. With $55 billion in assets and over 390 locations, it provides a wide array of banking and financial services. Cadence has earned recognition as one of the best employers and was named one of America’s Best Banks. The bank has a rich history, serving customers for nearly 150 years.
About LiftHigh Crane & Rigging
LiftHigh Crane & Rigging is known for delivering safe and efficient lifting solutions, backed by a team of experienced professionals. Founded in 2025, the company utilizes a modern fleet of cranes, including Liebherr and Tadano models, to serve various sectors such as commercial, industrial, and infrastructure. LiftHigh is committed to upholding the highest standards of safety and professionalism in all its operations.
Frequently Asked Questions
What is the new credit facility announced by LiftHigh?
The credit facility secured with Cadence Bank will provide financial backing to foster LiftHigh's growth and enhance its operational capabilities.
Why is this partnership significant for LiftHigh?
This partnership signifies LiftHigh's stability and potential for future growth, allowing the company to invest in its resources and services.
What contributions will Cadence Bank make to the community through this partnership?
Cadence Bank aims to create job opportunities and support local businesses through the financing of LiftHigh's growth plans, emphasizing community development.
How will LiftHigh utilize the funding from the credit facility?
The funding will be used to expand LiftHigh’s fleet of cranes and improve service capabilities for various projects across multiple sectors.
What services does LiftHigh Crane & Rigging provide?
LiftHigh delivers safe and reliable lifting solutions for commercial, industrial, infrastructure, and energy projects, marked by a commitment to safety and excellence.
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