Scottsdale, AZ, January 11, 2017, – Technology Finance Corporation (TFC), a leading provider of technology financing to growing small and middle-market companies, today announced the results for the year ended December 31, 2016. The Company funded equipment leases and loans totaling $60 million, an increase of $24 million, or 66% growth over 2015.
“Today we are very pleased to announce exceptional results for 2016,” said TFC CEO Kevin Pruett. “As a company, TFC achieved many important funding and performance milestones. Excellent performance across TFC’s entire team benefited our customers, partners and investors. We look forward to 2017 being another successful year,” said Pruett.
“The equipment financing capital we provide to our small and middle-market customers enables them to accelerate their growth and acquire the technology they need to support it,” said TFC CFO Thayne Lyman. “Likewise our vendor partners value TFC’s expertise. Our partners’ sales representatives and TFC work together delivering customized financing solutions to overcome customers’ budgetary concerns, resulting in a win-win for everyone,” said Lyman.
About Technology Finance Corporation
Since 2004, TFC has provided equipment leases and loans ranging from $25,000 to $10,000,000 to growing small and middle-market businesses. During that time TFC has invested over $400 million in technology for small businesses seeking capital. TFC’s experienced professionals focus on small and mid-size businesses to partner together and jointly create customized financing plans. TFC’s financial solutions cover a broad spectrum of technology manufacturers and software providers. Hardware, software, consulting, training and other soft costs can be combined into a total solution financing which minimizes or eliminates large upfront costs, thus preserving and maximizing customers’ growth capital. Through TFC’s extensive banking relationships and capital, TFC delivers more approvals and higher credit capacity. TFC’s quick decisions and dedicated staff ensure an efficient, convenient financing process.
Technology Finance Corporation
Thayne Lyman, CFO
480-275-8173
thayne.lyman@tfctfc.com