Success Stories
TCS Equipment Finance is pleased to help companies across all industries get the new and used equipment they need.
“TCS was easy to work with and were able to provide a solution that perfectly matched our need and they were able to deliver a funding before our important year-end deadline.”
$24.6 Million funded to an insurance company in under 30 days!
A highly respected Property & Casualty Insurer had an unusually high claim year with the California wildfires of 2017. As a result of the multiple max-loss claims, their Capital & Surplus was unusually impacted. They were under scrutiny to maintain their healthy AM Best rating and wanted to keep their State Regulators happy. TCS was able to structure a lease that quickly received auditor and regulator approval that provided $24.6MM of additional Capital & Surplus. This improved their RBC ratio by 12.7% in under one month. Their Chief Financial Officer stated, “TCS was easy to work with and were able to provide a solution that perfectly matched our need and they were able to deliver a funding before our important year-end deadline.” Brent Criddle, President of TCS, said, “We were excited to be able to work with such a reputable company and provide them the capital they needed and deliver a large approval and funding on such a tight timeline.”
$500,000 for Office Furniture / Equipment and Software
A boutique workers compensation insurer was seeking a way to bolster their Surplus prior to year-end. The Relationship Manager at TCS was able to structure a lease that provided immediate cash to the insurer but did not create a liability. “It has been a great experience” working with TCS through this lease, stated the insurer’s President.
$10 Million for an Off-Shore ROV Operator
A foreign-owned remote underwater vehicle operator was able to refinance their Remote Operated Vehicle (ROV) fleet through TCS. The TCS team was able to deliver an approval despite some significant credit challenges that would deter banks from the transaction. TCS was able to leverage their years of experience to structure, document and fund this transaction. The transaction provided working capital to help the company execute their business plan and continue to grow.
$350,000 Lease Line of Credit for a Manufacturing Company
TCS was able to provide a $350,000 lease line that allowed a Tier I aluminum manufacturer time to find the right equipment for their needs. By providing the extended-length approval, the Lessee was able to negotiate the best prices available. The Lessee has already selected TCS to provide additional funding for their next equipment project.
“The TCS team was very helpful and delivered a fast credit approval and funding. We will be happy to work with them again in the future.”
$2 Million Funded for Educational Library Furniture
A private, not-for-profit educational facility had a need to expand their library on campus to allow for increased enrollment. TCS provided lease funding for $2MM of furniture and bookshelves. A Trustee for of the Lessee stated, “The TCS team was very helpful and delivered a fast credit approval and funding. We will be happy to work with them again in the future.” Derek Turley, CEO of TCS, was quoted, “It was a pleasure to provide the lease capital that will help this facility to grow.”
We want to help your business succeed by getting you access to an equipment lease that is right for you. Give us a call today at (385) 645-8800 to find out how.