Empowering Growth Through Equipment Financing

“Working with NFS Leasing over the past 4 1/2 years has been a wonderful experience for our company. We look forward to doing business with NFS Leasing again in the future!”

Summary

In December 2019, a newly formed company embarked on its journey with a vision to revolutionize its industry. This company strategically combined proven, used equipment with new machinery to enhance production rates and meet the demands of high-volume output. However, like many startups, it faced a common challenge: acquiring the necessary financing to procure equipment and kickstart operations.

The Client

The company’s innovative approach involved utilizing dependable, previously owned equipment sourced from closed operations and new machinery tailored to meet modern production needs. This hybrid strategy not only ensured reliability but also optimized efficiency, setting the stage for exponential growth.

The Challenge

Despite its promising vision, the company encountered a hurdle in securing the essential financing for equipment acquisition. Traditional lenders were hesitant to extend support, leaving the company needing a reliable finance partner to facilitate its ambitious plans.

The Solution

Enter NFS Leasing, an equipment finance company that provides tailored solutions for businesses overlooked by traditional lenders. With over 15 years of experience, NFS Leasing emerged as the company’s beacon of hope, offering fast, flexible, and customized equipment financing solutions.

Collaboration and Support

Over the course of four and a half years, the partnership between the company and NFS Leasing blossomed into a testament of mutual trust and support. NFS Leasing played a pivotal role in the company’s journey, stepping in during critical junctures:
  • Initial Financing: NFS Leasing provided the crucial financing required for the company’s inaugural equipment acquisition, laying the foundation for its operations.
  • COVID-19 Resilience: Amidst the challenges posed by the COVID-19 pandemic, NFS Leasing demonstrated its commitment by restructuring payment plans, enabling the company to navigate through economic uncertainties while sustaining operations.
  • NFS Leasing was there to help finance one of our first pieces of equipment when we were just getting off the ground as a startup. Shortly after that, NFS Leasing worked with us during significant slowdown times during COVID-19 to help restructure our payment plan to allow us to maintain our business’s operations,” said Jake O., Controller.
  • Facilitating Growth: As the company evolved, NFS Leasing continued to be a steadfast partner, assisting in collateral filings to unlock additional growth capital, a value-added service seldom offered by other leasing companies.
  • “As our business matured, NFS Leasing was willing to work with us on updating collateral filings to assist us in funding our business with additional growth capital, a value-added service we did not experience with other leasing companies,” continued Jake O., Controller.
  • End-of-Lease Transition: Towards the end of the leasing term, NFS Leasing proactively engaged with the company, offering clear insights and flexible options for the leased equipment’s future. This proactive approach empowered the company to make informed decisions aligned with its strategic objectives.
  • “As we neared the end of our leasing term with NFS Leasing, their team was very proactive in communicating with us about our options concerning our financed piece of equipment very early in the process, giving us the most flexibility and time to make a sound business decision. NFS Leasing even worked with us on a satisfactory buyout option that again gave us flexibility and worked with our existing cash flow forecast,” said Jake O., Controller.

    Results

    The collaboration with NFS Leasing not only enabled the company to thrive but also fostered confidence and assurance in its growth trajectory. With a successful track record spanning over four years, the company eagerly anticipates future engagements with NFS Leasing as it continues its journey toward expansion and innovation.
    “Working with NFS Leasing over the past 4 1/2 years has been a wonderful experience for our company. We look forward to doing business with NFS Leasing again in the future!”

    Conclusion

    The partnership between the company and NFS Leasing stands as a testament to the transformative power of strategic finance in fueling entrepreneurial dreams. Through unwavering support, flexible solutions, and proactive engagement, NFS Leasing emerged as more than just a finance provider but a catalyst for growth and success. As the company embarks on its next chapter, it does so with the knowledge that with NFS Leasing by its side, the possibilities for innovation and achievement are limitless.

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