Background
Industry: Digital Advertising
Customer: Ad firm that utilizes performance location advertising based on mobile location technology.
Size: 100+ employees
Financials: Non-bankable, backed by venture capital firms.
Challenge
The Roadblock Threatening a Critical Tech Project
The customer needed financing to move forward with a mission-critical 3-year Cisco license renewal.
Solution
How TFC Made the Impossible Possible
The full lease amount was divided into four quotes and approved through TFC’s auto-scoring system, funding the entire $600,000 without the need for financial statements. TFC secured an approval for the entire deal while the captive and other lenders were not able to provide a solution.
Result
A Seamless Win and Peace of Mind for the Customer
While other lenders struggled to get comfortable with this opportunity, the partnership between Connection and TFC allowed this solution to come together. The customer definitely appreciated the seamless financing process for their Cisco license renewal.
Secure Your Technology Financing
Get the funding you need for your next technology project, even if traditional lenders say no. Contact TFC today to explore flexible, fast, and seamless financing solutions.
About TFC
Founded in 2004, TFC provides equipment financing services to a wide variety of companies from early stage to Fortune 100 and everything in between. TFC, as part of Kingsbridge Holdings and its parent company SLR Investment Corp., is backed by more than $14 billion in Assets Under Management.
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