Salt Lake City, UT (PRWEB) July 31, 2014
Tetra Financial Group announced that it has entered into a master equipment lease to fund up to $10.33 million in lease financing for one of the top health systems in the U.S. This hospital group operates 26 acute care hospitals across six states. Tetra Financial has already funded $7.58 million in equipment at 12 of the 26 hospitals, with an additional $2.75 million to be funded as part of the hospital’s expansion plans. The lease financing is for medical equipment, imaging machines, FF&E, software, IT and other equipment. As a major financing partner for this hospital group, Tetra Financial was able to provide needed liquidity for its customer to support its expansion plans.
Tetra’s customer-focused approach to underwriting and financing allowed it to meet the unique needs of this customer. Each hospital had its own financial statements that had to be underwritten on an individual basis. Also, a significant portion of the equipment was used, which required a sale-leaseback arrangement to be structured together with the financing for the new equipment.
About Tetra Financial Group
Tetra Financial is a national independent equipment leasing company in the equipment finance industry. From its headquarters in Salt Lake City, Utah, Tetra Financial provides flexible, tailored equipment financing solutions to a diverse customer base throughout the United States. Tetra Financial funds equipment leasing transactions for many types of equipment and in nearly every industry, including healthcare, manufacturing, aircraft, technology, software, energy, construction, mining, and transportation, as well as specialized and non-traditional equipment. To learn more, please visit us at http://www.tetrafg.com.