“Working with NFS Capital over the past 4 1/2 years has been a wonderful experience for our company. We look forward to doing business with NFS Capital again in the future!”
Summary
The Client
The Challenge
The Solution
Enter NFS Capital, an equipment finance company that provides tailored solutions for businesses overlooked by traditional lenders. With over 15 years of experience, NFS Capital 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 Capital blossomed into a testament of mutual trust and support. NFS Capital played a pivotal role in the company’s journey, stepping in during critical junctures:
- Initial Financing: NFS Capital 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 Capital demonstrated its commitment by restructuring payment plans, enabling the company to navigate through economic uncertainties while sustaining operations.
NFS Capital 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 Capital 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 Capital 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 Capital 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 Capital 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 Capital, 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 Capital 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 Capital 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 Capital as it continues its journey toward expansion and innovation.
“Working with NFS Capital over the past 4 1/2 years has been a wonderful experience for our company. We look forward to doing business with NFS Capital again in the future!”
Conclusion
The partnership between the company and NFS Capital stands as a testament to the transformative power of strategic finance in fueling entrepreneurial dreams. Through unwavering support, flexible solutions, and proactive engagement, NFS Capital 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 Capital by its side, the possibilities for innovation and achievement are limitless.