$800,000 Project Funded without the Need for Financial Statements

Background

Industry: Secondary Education

Challenge

Cybersecurity Renewal Blocked by Budget and Leadership Turnover

The School District could not afford to pay for their cybersecurity software subscription renewal up front. At the same time, their executive team was in the process of being replaced, further complicating matters. 

Solution

Fast, Flexible Financing with No Financial Statements Required

TFC was able to approve this transaction at a competitive payment and structure compared to the cybersecurity company’s financing division, and waived an opinion of counsel, approving through our auto-scoring system. The entirety of the over $800,000 project was funded without the need for financial statements.

Result

Project Approved, Margin Protected, Partnership Strengthened

The customer was able to move forward with their cybersecurity subscription renewal and will make 3 annual payments. The Value-Added Reseller (VAR) partnered with TFC, who proved to be flexible with documentation and patient with a client whose new staff had never been through a lease/financing agreement before. The VAR did not have to ask for additional discounts or cut into their margin since the client paid for the financing.

Secure Your Next Deal with Confidence

When timing, leadership changes, or documentation challenges threaten your deal, TFC can step in and fund fast. Contact TFC today to learn how our flexible financing solutions help partners close more projects with no financial statements required.

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.