Background
Industry: Healthcare Services
Customer: Company operates nursing facilities, long-term acute care hospitals, hospice agencies, and centers for the developmentally disabled.
Size: 750 employees
Financials: Balance sheet impacted by COVID-19 pandemic, credit would not approve with traditional banks.
Challenge
When Credit Issues Threatened Critical IT Funding
A national healthcare services company needed to finance their annual Microsoft enterprise agreement but their options were limited due to subpar credit.
Solution
Listening, Understanding, and Tailoring a Path Forward
TFC took the time to not only review the financials, but also listen to the customer and fully gain an understanding of the business, its structure and the current environment.
Result
$1 Million Secured and a Lasting Financing Partnership
TFC successfully secured 12-month financing for this $1M contract. Leveraging TFC’s established relationship and prior success with the customer, TFC has continued to provide financing for their Microsoft enterprise agreement for the last 4 years.
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 and parent company, Kingsbridge Holdings (part of SLR Investment Corp.) have over $1B of assets under management.
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