Payne’s Environmental Service secured a $950,000 Equipment Term Loan from Alantes Corporate Finance to acquire new equipment, enabling significant growth and enhanced service capabilities in the wake of Hurricane Ian.

About Payne’s Environmental Service

Payne’s Environmental Service, based in Tampa Bay, Florida, is a comprehensive provider of residential and commercial tree services. The Company specializes in a wide range of offerings, including emergency tree removal, pruning, fertilization, and more. Additionally, Payne’s plays a critical role in disaster recovery, providing essential emergency services for cleanup and removal following natural disasters that impact its operational area.

Industry Overview in Florida

The environmental services industry in Florida has witnessed substantial growth, particularly following severe weather events such as hurricanes. The demand for tree services surges after natural disasters, creating a robust market for companies equipped to offer rapid response and recovery services. With Florida's unique ecosystem and diverse vegetation, the need for professional tree care remains strong throughout the year.

Moreover, the ongoing challenges posed by climate change and increasing storm frequency have led to a heightened awareness of the importance of proper tree maintenance and management. A