Budget-Depleted School District Receives Extended Terms for Cybersecurity Renewal

Background

Industry: Secondary Education

Challenge

Budget Constraints Threatened Cybersecurity Renewal

The budget-depleted customer needed extended payments and a deferral until February 1st for a cybersecurity software subscription renewal.

Solution

TFC Matches the Captive’s Discount and Delivers Below Market Financing Solution

TFC was able to match the software provider’s discount so that it was not necessary for the Value-Added Reseller (VAR) to seek alternative funding sources to provide a below market financing solution to the client. In addition, opinion of counsel was waived and the transaction was processed with ACH payments.

Result

Deal Secured, Payments Deferred, and Customer Retained

The school district was able to move forward with their cybersecurity software solution while receiving a better value offer by signing before the end of the year. They will not have to make a payment until their subscription lapses, all while paying for the new software over 3 annual payments.

Keep Your Margins Intact and Your Deals Moving

When your customer’s budget or timing threatens to derail a renewal, TFC can offer a competitive solution, defer payments, and deliver flexible terms. Contact TFC today to learn how our fast, creative financing can help close your next deal.

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 and parent company, Kingsbridge Holdings (part of SLR Investment Corp.) have over $1B of assets under management.