Timothy Hughes's Contact Details

Timothy Hughes's Company Details

Pelagic Capital Corporation

Fairfield, CT, US • 5 - 9 Employees
Financial Services

Founded in 1991, Pelagic is a transportation equipment finance company. Our focus from the beginning has been to develop into a national equipment finance company servicing the transportation industry. We offer a suite of value-added services and structures tailored specifically for transportation companies and other non-transportation industries using trucks. Pelagic has deep expertise in the various segments of trucking including first time owner operators, experienced owner operators, small fleet, regional and dedicated vocational markets. This expertise creates a competitive advantage in underwriting, deal structuring, collateral evaluation and asset remarketing. Pelagic combines this segment knowledge with a deep understanding of franchised and independent truck dealerships to provide them with solutions for their customers.By working closely with dealerships to develop an understanding of their strategy and critical needs, Pelagic is able to structure proprietary value-added financial transactions that meet the needs of dealerships and the companies and their drivers that they market to. Pelagic also maintains a strong awareness of the risks associated with each segment of the transportation, we utilize, enhancements such as third-party guarantees, subsidized loan-loss pools, government grants for equipment, electronic asset tracking and deactivation, and support services designed to increase the operational success of drivers and companies.