| Tiger Steps In to Lease a Computer Backup Facility for a Caribbean Nation. |
Its not everyday that you are asked to lease equipment to a country, but that is exactly what is often asked of Tiger Leasing. We have many customers who are countries Mexico, Trinidad, Panama, even Moldavia! We usually lease to the Embassies of these countries which are located here in the U.S. A well-known Caribbean island destination requested a $250,000 lease for a back-up computer facility. Their Department of Tourism, which was growing rapidly, required redundant facilities to be set up in New York City and New Jersey.
How do you evaluate the credit quality of a country? That was the question our credit department asked themselves. What made it easier for us was the fact that the lease was being written to the Tourism Authority of the country and tourism was their number one industry. After an analysis of all available data utilizing the internet as well as references and banking information, we decided to move ahead.
The computer vendor who brought us the transaction was ecstatic and the customer couldnt have been more pleased. We provided them with a quick response and favorable computer finance terms. And with their new backup facility, they never have to worry about data being lost, rain or shine!