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.

FEATURED CLIENT REVIEWS

"POP Gourmet was experiencing rapid growth and demand. As a young company we needed an equipment finance partner that would get to know us as a company and grow with us. NFS Leasing stepped in and took the time to get to know our Company and partner with us to acquire the production equipment we needed. NFS provided flexibility, responsiveness, and value. We highly recommend NFS."

"They clearly laid out the deal and terms. They were direct and honest with what they were and were not able to do. No nonsense, no trickery. That allowed us to build a relationship based on trust and the process was simple and fluid because of it. What would have taken ten to fifteen years will now take four years thanks to NFS Leasing. This is allowing us the opportunity to save limbs and lives now. NFS Leasing was and is still genuinely interested in Sanuwave and working towards its continued success. Money is a commodity and can be found almost anywhere but finding a partner who cares about the company means a lot to us."

"Having worked with NFS Leasing at a prior firm, when we started Disruptor Beam I did not hesitate to call on them again. Dean and the team at NFS Leasing really get it. They listen and understand our story and our needs, and they have numerous vendor relationships that help provide a superior level of service. When we grow they are always willing to grow with us. I recommend them highly."

"From the beginning, NFS Leasing has been an invaluable asset in helping us serve our customers. Their team of experienced executives has enabled our channel oriented business model, and they are an outstanding partner, offering flexible and creative solutions to our financing needs. It has been a pleasure working with NFS and we look forward to their assistance in providing our future finance needs."

"A rapidly growing technology business like nScaled has constant equipment needs. Leasing was a perfect way to get the equipment we needed, when we needed it, and allow us to continue to focus resources on our operation. NFS made leasing easy for us, and has grown with us as we have expanded as a company. If you want to speak with someone that can help you with your infrastructure expansion business needs, you should call the team at NFS Leasing."

"AirSage pioneered the transformation of wireless network signaling data into powerful location information, creating a way to collect and analyze real-time mobile signals to produce over 15 billion anonymous locations every day. As a growing technology firm with state-of-the-art data and technology requirements, having updated equipment is essential to the growth of our business. That's why we rely on, and wholeheartedly recommend, NFS to take care of any equipment finance needs."

"Working through the initial challenges with NFS was excellent. The level of responsiveness was fantastic, and they have an extremely high level of service. NFS followed a simple process. The communication was fast and realistic. Overall, I would give NFS an A+."

"NFS was willing to sign lease deals that were fair, while it felt like other leasing companies would take advantage of us at every opportunity. It seemed as if NFS wanted to get the deal done. There were no onerous processes, no particularly crafted steps and procedures to follow, which made NFS easy to work with."<

"NFS was patient when we engaged with them and I really appreciated that. We had a unique situation being a waterpark and having a lot of moving parts from the manufacturer. Finding a financial partner that had the ability to be flexible in the terms and the patience to deal with inconsistent communication from the manufacturer was incredibly helpful for us."

"NFS was very flexible when working through the terms. They let us know what they were willing to do for us, how it needed to be done, and why it needed to get done. Having structured multiple deals with them, it's safe to say I appreciate their partnership."

"The communication with NFS Leasing was great. They were very easy to reach, hassle-free, and extremely knowledgeable. They were simple and straightforward; very honest and upfront with what could be accomplished. We were successfully able to write our project plan based on NFS's commitment and that helped start off the project on the right foot."

"Limestone Networks has been working with the team at NFS Leasing for several years. They took the time to understand our company, the needs of our business, and our growth strategy. They are fast, responsive, and thorough. NFS has become not only a supportive vendor, but an integral part of our success."

"In the early stages of our growth at DTT our business model required that we explore leasing as a way to finance our growth. NFS Leasing stepped up and partnered with us. They took the time to really understand our business and gave us the financial flexibility to add customers without concern for financing the required equipment to do so. They were honest and responsive and I would highly recommend them as an equipment leasing source."

"NFS has enabled Everyone Counts to keep up with emerging technology and provide the tools needed to bring modern election administration and voting systems to election officials. Their flexibility and knowledge of the technology industry sets them apart from the other leasing providers. They are responsive, easy to work with, and consummate professionals, I recommend them highly!"

"Agile Networks turned to NFS Leasing to finance a major network expansion resulting in the first and only statewide 1 Gigabit backhaul network providing services in all 88 Ohio counties. NFS was especially easy to work with, exceptionally efficient, and thorough in their approach. Their contributions were critical for us to complete our expansion in record time for our customer, a major mobile carrier. I highly recommend NFS as a trusted partner and look forward to working with them as we continue our growth."

"I had a great conversation with NFS on what we wanted to do with the equipment and what we were seeking in a lease agreement, and thankfully, NFS helped us find a solution. While I have been in the mining industry for 24 years, I had never done a deal this large. Engaging with NFS was hassle-free and we were happy that we found a solid partner to fund such a large and important deal."