A client came to us after they had just won a multi-million-dollar contract. Great news. However, the requirements were more than their cash flow was able to support. They needed to find a way to acquire the equipment without having to make a cash investment themselves. Additionally the contract required them to start within 60 days which meant they needed new equipment immediately to begin their work as soon as possible.
Leasing Innovations acted fast upon request for this client so they could harness the potential of the contract and not lose money. We took their contract and they assigned to us the payments under the contract, monetizing it for the lease payments, which allowed us to the use the awarded contract to generate funding that would pay the monthly lease payments. We helped them secure the essential equipment to perform their work, and they ended up completely pleasing their client and were awarded more business. After their success with this and other clients in the same segment, they became a multi-million-dollar player and were later purchased by a larger public company.
