Grainnet

Dean Stolberg, VP, Biodiesel Financial Services, Parsippany, NJ, spoke with BioFuels Journal at the National Biodiesel Convention, Feb. 2, in San Francisco, CA.

Highlights From The Podcast

Biodiesel Financial Services is in a position to lend money to biodiesel plant projects that meet certain criteria such as:

• A sound business plan can be demonstrated.

• Strong investors support the project.

"My company is in a position to lend money," Stolberg said. "I think we are more the exception than the rule. In the next couple of quarters, things will turn around for other lenders."

Even though the cost of soybean oil is currently high and petroleum diesel is currently selling low, Stolberg believes that those commodities will switch places over time.

The key for lenders such as Biodiesel Financial Services are plants that have contingencies built into their plans to allow the plant to ride it out for six months or a year if feedstock prices soar.

Dean Stolberg Biography

Dean M. Stolberg, vice president of Biodiesel Financial Services, has been in the equipment finance industry for 20 years.

Prior to his career in equipment finance Stolberg was a stockbroker at Legg Mason Wood Walker in Philadelphia, PA.

He was founder and President of Advanced Leasing Concepts, an equipment leasing firm he owned and managed for eight years.

After selling Advanced Leasing, Stolberg worked as vice president of business development for Captive Capital for three years where he was responsible for developing new relationships with heavy equipment manufacturers in the United States.

Stolberg is responsible for sales at Vendor Financial Services the parent company of Biodiesel Financial Services.

He initiated the relationship with the National Biodiesel Board and All Things Biodiesel.

Biodiesel Financial Services is the exclusive equipment financing partner for All Things Biodiesel which is the commercial website sponsored by the National Biodiesel Board.

For more information, call Stolberg at 973-292-0025 or email him at dstolberg@captivelease.com to discuss any current or future financing needs.

See Related Websites/Articles:

• Biodiesel Financial Services

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