RECENTLY APPROVED TRANSACTIONS $500,000 Agribusiness project
Tetra Financial Group has approved a $500,000 lease line for a well-respected, family owned agribusiness that services the Mid-Atlantic and Northeast Regions. The line will be used for trucks and blower auger tanks, in addition to onboard computer systems fitted on each unit.
Given the competitive landscape in this company’s industry they were experiencing extreme challenges securing credit. Tetra Financial Group’s structured finance division was able to shape a deal that met both the customer’s needs and Tetra’s credit requirements. “We feel that Tetra is one of the few companies given today’s credit environment with the ability to underwrite and allocate capital to this type of transaction,” commented Ryan Secrist, Executive Vice President of Tetra. “We are proud of our capacity to find solutions to difficult underwriting scenarios that are currently not being met by regulated capital.”
RECENT TRANSACTIONS
At Tetra, we follow through on our commitments. Our management team averages over twenty years of experience in commercial banking and asset-based lending. You can move forward confidently knowing that with Tetra ninety percent (90%) of the transactions that go to our underwriting department ultimately go to closing. We will guide you through every step, and prepare your company for future transactions. We commit ourselves to finding the best solutions for you. Click on any of the industries below to view some examples of our transactions.
Tetra Financial Group Provides $1.1MM of funding in the renewable energy sector
Salt Lake City, UT – Tetra Financial Group completed a $1.1MM operating lease transaction for a large, publicly traded company in the renewable energy sector. The funding was used for various furniture, fixtures and equipment as part of an expansion into a new office building. There was a 4-5 month implementation period where Tetra assisted in the payment of various deposits and purchase orders. The company wanted to preserve cash during this implementation period and Tetra was pleased to be able to fund these partial deposits until the project was complete. “This Lessee will be a great asset to our company portfolio. We are pleased that we could structure a transaction that met all the requests of the customer related to their cash flow needs, the length of the lease term and accounting requirements. We look forward to a long term relationship with this company”, said Greg Emery, Senior Vice President of Tetra.
Since its inception, Tetra Financial Group has been providing finance services to companies of all sizes and types. From Fortune 500 companies to smaller private enterprises, Tetra has the capacity to finance a broad range of corporate equipment types with competitive pricing and creative structures. Tetra Financial Group is a member of the ELFA, NEFA and NAELB.
Tetra Financial Group Provides $4,635,000 Software/Hardware Lease For Hospital.
Salt Lake City, UT – Tetra Financial Group is pleased to announce a $4,635,000.00 lease for software and hardware with a major Ohio hospital. The new system is essential use software that will manage all clinical information systems for the hospital. The majority of the funding will be used for software, software implementation, and training. The completion of this new system will required a 6 to 9 month implementation period where Tetra will assist in the payment of deposits and purchase orders. “The hospital expressed the need to preserve their cash during this implementation period and it would be a great service if Tetra could fund these partial deposits until the project is complete. We are pleased to be able to offer this flexibility to our customers - especially on a project with very soft collateral like this one. We are excited about this transaction and look forward to a long relationship with this hospital”, said Ryan Secrist, Executive Vice President of Tetra.
Tetra has also provided a commitment for additional funding of another $2,000,000.00 for the hospital’s medical, lab, orthopedic, and other ancillary equipment. Tetra’s ability to provide financing for a broad range of equipment and services has been of great benefit to the hospital.
Salt Lake City, UT – Tetra Financial Group (TFG) is pleased to announce a $3,000,000.00 lease for a major U.S. airline company.
First, there is $760,000.00 that will be used for a Cabin Trainer project. TFG will fund an airplane shell, and all the interiors of that shell, which will be used by the airline for flight attendant training. TFG had to work with many unique vendors, including a foreign vendor, for the equipment on this transaction. This flexibility helped TFG earn the airlines’ business.
"The airline industry has proven to be challenging for many finance companies over the years. We are excited to finalize this transaction. This demonstrates our unique ability to be creative and find ways to get good deals done. We look forward to future business and a long standing relationship with this airline…" said Greg Emery, Senior Vice President at TFG.
Tetra Financial Group Provides $5 Million Asset-Based Lease to U.S. Based Mining Company.
Salt Lake City – Tetra Financial Group announced today that it has approved and commenced funding on a $5 Million facility for a large mining company headquartered in the Midwestern United States. The finance lease is being used to purchase new and refurbished equipment for a new, joint venture mining operation.
Tetra’s financing played a key role in this company’s ability to execute its expansion plans. The lease facility will provide for the acquisition of key assets needed to operate and manage new mining opportunities. Tetra looks forward to a long-term relationship with this company as future expansion projects are already being discussed.
Since its inception, Tetra Financial Group has been providing finance services to companies of all sizes and types. From Fortune 500 companies to smaller private enterprises, Tetra has the capacity to finance a broad range of corporate equipment types with competitive pricing and creative structures. Tetra Financial Group is a member of the ELFA, NEFA and NAELB.
Tetra is pleased to announce a $425,000 transaction with a large Real Estate Investment company. Funding was used for furniture, fixtures and equipment at their corporate
offices. The company had already purchased most of the collateral and needed to be reimbursed for those amounts. Tetra funded the reimbursements and then paid vendors directly for the remainder due. The company was having difficulty acquiring the financing because they are in a very challenging industry and also because they were purchasing used equipment . They were able to move forward on this lease due to the flexibility Tetra provided. Tetra looks forward to future lease transactions and a long term relationship with this company.
Tetra Financial Group began funding a second lease schedule for a major textile manufacturing company out of South Carolina. The $300,000 in funds are being used for new
manufacturing equipment due to new business growth. Turnaround time was crucial for the customer in this transaction. Tetra’s ability to move quickly with the additional funding allowed the company to commit to new business contracts. This equipment will be used specifically to service this new business influx from these contracts. Tetra turned the transaction around from start to finish inside 2 weeks. This demonstrates Tetra’s ability to complete deals quickly and satisfy customers’ needs.
Tetra Financial Group has approved a $300,000 transaction for one of the largest hospitality and entertainment companies in the United States.
The financing provided by Tetra will allow this company to automate a portion of their garment cleaning and dispensing systems. Tetra’s ability to move quickly on approving this deal allowed the company to meet strict deadlines for delivery and installation of the equipment.
Tetra Financial Group is pleased to announce the approval of a $500,000 lease line for one of the largest seafood providers for restaurants and other food service providers.
The new delivery vehicles, warehouse equipment and furniture are essential in the daily operations of the company. The ability to approve the transaction in a timely manner and help the customer facilitate their equipment orders were important to the company.
Tetra is pleased to announce a $1,300,000 transaction with a publicly traded pharmaceutical company that is still in the research and development stages.
A large portion of the laboratory equipment was paid for previously and Tetra as part of the approval will be reimbursing the company for the portion already paid to the vendors. The company was able to move forward on this transaction due to the flexibility Tetra provided on this transaction.
Tetra Financial Group has approved a $1,000,000 IT infrastructure transaction for one of the largest residential mortgage lenders in the United States.
The operating hardware and software Tetra is funding is an essential part to the operations of the company. The ability to provide financing for a company in a very difficult industry is a testament to Tetra Financial Groups ability to do transactions with companies in every industry.
Tetra is pleased to announce an $880,000 lease with a publicly traded cellular and satellite company. A large portion of the cellular equipment was already paid by the company up front. Tetra was able to reimburse the company for these deposits as well as pay all remaining vendor balances.
The fact that the transaction was a sale and leaseback with tough collateral, made this a difficult deal to finance in the traditional marketplace. The company was able to move forward on this transaction due to the flexibility provided by Tetra. “The completion of this lease demonstrates our unique ability to tailor a transaction to meet the customer’s needs,” said Dave Johnson, Executive Vice President of Tetra.
Tetra Financial Group has approved $900,000 lease line of credit for a Non-profit Company that provides living and assisted living arrangements for the elderly. The collateral on this transaction is furniture, fixtures and equipment for a new facility.
Tetra will be funding the transaction over a period of four to six months. The company has additional needs we will be looking at. Tetra is looking forward to a long term relationship with this company.
Tetra Financial Group is now completing $1,000,000 in tenant improvement funding for a large School District in South Carolina. The funds have been used to update and dramatically improve various existing school facilities within the District.
Tetra is pleased with the completion of this project as tenant improvements tend to be challenging collateral to finance out in the marketplace. It demonstrates Tetra’s ability to finance unique transactions.
Tetra Financial Group has completed a $420,000.00 lease of manufacturing equipment for a company that develops and manufactures weapons systems, bullets and baseball bats.
These equipment acquisitions are allowing the company to increase their production capabilities needed to accommodate new contracts.
Tetra Financial Group has approved $1,800,000 for a Hospital’s conversion of their medical records system to electronic files.
The funding of this project is 100% implementation costs associated with the software conversion of the medical records data. Tetra will be funding the transaction over a period of six to nine months as the Hospital’s records are converted.
Tetra Financial Group has approved $2,000,000 for a natural gas production company’s expansion of their plant and facilities.
Tetra will be funding the equipment as well as the detailed engineering and construction costs. This project will not only allow Tetra’s customer to increase production capabilities but will reduce operating costs.
Tetra Financial Group has completed a $2,200,000 lease for aircraft that will allow a specialized air cargo company to increase their routes and service new contracts.
Tetra is pleased with the completion of this project as FAA regulated transactions can be difficult to navigate. It demonstrates Tetra’s ability to be handle rigorous funding requirements.
Tetra Financial Group has approved and commenced the funding of an $8 million Software/IT project for a major U.S. based Petroleum Company. Tetra has funded approximately $5 million to
date and will fund the remaining $3 million over the next 6 months.
The funding of this lease validates the size and scale of Tetra Financial Group, as well as its unique ability to fund soft collateral transactions. Over 40% of this transaction consists of soft/implementation type costs, which prove to be very challenging to most funders out in the marketplace. Tetra looks forward to a long-term relationship with this company.
Tetra is pleased to announce the completion of a $2.8 million credit facility for a respected automotive assembly and forged machined components company.
Due to the challenges presented in a difficult industry and a struggling economy, Tetra Financial Group was still able to approve and fund a multi-million dollar transaction for the company. This funding allowed the company to service a large multi-year contract with a valued customer.
Tetra today announced it has approved a $2.75 million credit facility to a real-estate development company that specializes in elite, residential development and golf course management. The facility will be used for the build out and furnishings of their newest golf clubhouse.
Creativity and flexibility were the keys to facilitating this transaction in such a difficult industry and against the backdrop of a struggling economy. Tetra Financial Group was able to work closely with their customer to find a solution that all parties were pleased with.
Tetra Financial Group has completed a 2nd round of financing for one of the nation’s largest manufacturers of computer memory devices. This brings the total dollar amount funded to over $2.5 million.
Tetra's funding has provided essential technology upgrades and an expansion of the company’s manufacturing equipment. Tetra looks forward to being a vital resource for their financing needs.
Tetra Financial Group has approved a $500,000 lease line for a well-respected, family owned agribusiness that services the Mid-Atlantic and Northeast Regions. The line will be used for trucks and blower auger tanks, in addition to onboard computer systems fitted on each unit.
Given the competitive landscape in this company’s industry they were experiencing extreme challenges securing credit. Tetra Financial Group’s structured finance division was able to shape a deal that met both the customer’s needs and Tetra’s credit requirements. “We feel that Tetra is one of the few companies given today’s credit environment with the ability to underwrite and allocate capital to this type of transaction,” commented Ryan Secrist, Executive Vice President of Tetra. “We are proud of our capacity to find solutions to difficult underwriting scenarios that are currently not being met by regulated capital.”
Tetra Financial Group has approved a $850,000 lease line for an international specialty coffee company. The line will be used for Pre-Packaging Machines, Coffee Roasting and Grinding equipment.
These equipment acquisitions are allowing the company to increase their production capabilities needed to accommodate new contracts. Tetra will be funding the transaction over a period of six to nine months as the company’s production equipment is acquired.
Tetra Financial Group is pleased to announce the completion of a $2.6 million credit facility for a large Midwestern hospital. Proceeds from this facility will be used for the expansion of an existing hospital. It will also include mechanical, electrical, and general construction costs, as well as some of the medical equipment to be used in hospital operations.
Tetra remains a leader in healthcare finance and is committed to providing its Customer Focused Solutions to these types of complicated transactions. “This transaction, in particular, was complicated given the nature of the collateral. It encompassed personal property and fixtures. It also included real property; that was partially encumbered under the hospital’s existing mortgage. This created a host of complex issues that needed to be addressed. Both Tetra and our customer were extremely pleased with the outcome. This is just another example of how we are meeting the needs of our customers,” commented Dave Johnson, Executive Vice President of Tetra Financial Group.
Tetra is excited to announce that it has approved a $6.0 million facility for one of the world’s largest armored transport companies. The proceeds will be used to purchase and retrofit armored trucks.
Obtaining this level of funding was critical for this global company, as access to liquidity was limited due to the tightening of the credit markets. Tetra’s ability to underwrite a multi-layered, complicated, international organization was critical in mitigating the underlying credit issues relative to this transaction. Tetra looks forward to a successful long-term relationship with this company.
Tetra Financial Group has funded a $200K machining equipment acquisition for a company that develops and manufactures launch vehicles for military, commercial and civil government customers.
In addition, Tetra has approved an additional $2.3MM facility that will be used to acquire additional machining equipment that is needed for this growing space technology company.
Tetra Financial Group has approved and commenced funding a $250,000 software upgrade for a large steel manufacturing company. This transaction underlines Tetra’s ability to underwrite soft collateral that most of our competitors struggle with.
Tetra will be funding the transaction over a period of nine to twelve months as the enterprise software is installed and implemented.
Tetra has approved and started funding a $1.4MM PACS medical digital imaging and x-ray systems project for a house call medical treatment company that has facilities throughout the east coast.
This transaction is another good example of Tetra’s flexibility to fund medical and imaging equipment for all types of healthcare entities. Tetra is looking forward to partnering with this company as additional equipment financing needs materialize.
Tetra Financial Group has completed funding of a $1.7 million coreless furnace system for a large copper and brass alloy manufacturing company.
Tetra was able to provide critical funding for the customer to acquire this equipment that is allowing them to increase their operating production and efficiency. Tetra’s ability to support the customer over the 6 month funding period of the project provided the teamwork necessary for a successful transaction.
Tetra is excited to announce that it has approved a fourth Lease Schedule with the largest privately owned beef processing facility in the southeast.
Tetra has funded various types of food processing, manufacturing and production equipment for this customer. ‘Repeat business such as this is proof of our dedication to Customer Focused Solutions,’ states Scott Scharman, Executive Vice President of Tetra. This fourth lease equates to over $1 million in financing for this customer.
Tetra Financial Group has now funded $7.7 million in surface and underground equipment for a major coal mining company on the east coast. This specific transaction had proven difficult in the marketplace because of the typical institutions unwillingness to finance underground mining equipment.
Tetra’s flexibility allowed us to get creative and structure this transaction to meet all the needs of our customer. Tetra is currently looking at an additional $2.5 million in similar equipment for the same company. Tetra is confident this will be a great long term relationship.
Tetra Financial Group today announced it has approved an $8.1 million asset-based credit facility to a start-up amusement park on the east coast. The loan will be used for infrastructure build out as well as park vending and service equipment.
Tetra specializes in working closely with companies to understand their business and borrowing needs. This allows them to garner the expertise necessary to finance transactions in perceived difficult markets. Tetra Financial Group is excited to support this company’s business model and looks forward to facilitating future growth.
With more than $3 million in financing from Tetra Financial Group, a beginning phase preventative care hospital was able to secure equipment to expand their product offering. This particular hospital was unable to secure financing through conventional bank products due to their lack of time in business.
Tetra’s unique ability to understand the end-markets they serve provided the knowledge necessary to underwrite this transaction. That industry acumen often results in greater liquidity and opportunity for companies with strong growth potential. Tetra Financial Group looks forward to serving the finance needs of this company as they continue on the road to a bright future.
Tetra recently finalized a $3,200,000 operating lease on tenant improvements, services and other miscellaneous soft costs for a major fiber optics company. Transactions of this nature are typically complex, in that the underlying collateral was entirely made up of soft assets.
Tetra has the rare ability to finance these types of leases because of its aggressive credit window. Our all encompassing approach in getting to know our customers provides a basis for completing soft cost leases.
Tetra is pleased to announce a fourth lease schedule with a major precious stone supply company. The lease was for $400,000 of highly specialized manufacturing equipment.
“Funding four schedules with this type of asset demonstrates Tetra’s ability to finance unique transactions.” states Scott Scharman, Executive Vice President of Tetra. Over the past 6 months Tetra has collectively funded $1,600,000+ for this customer and looks forward to additional business.
