Success Stories

Tiger Leasing Plays a Key Role in Outfitting a New Headquarters Facility

One of our existing clients, a mid-sized institutional broker dealer was moving their headquarters. With over 300 employees, the firm had extensive equipment infrastructure needs which included communications and computer equipment, wiring, as well as office furniture for traders and office staff.

Tiger established a substantial six figure lease line of credit which enabled the Company to acquire a myriad of telecom and computer equipment from a half-dozen different vendors. However, the Company had additional needs for furniture as well as wiring which was $750,000 over and above the leasing program that Tiger had already committed. Another slight "wrinkle" to the transaction was a recent $1 million tax lien that NYS slapped on the firm because of a change in the way the firm compensated its employees. The firm's lawyers and accountants knew that the tax lien would eventually be removed but it sure didn't help to secure the additional $750K!

So Tiger engaged another financial institution as its partner to structure the additional lease line. With the Company's consent, we provided a detailed credit package to the financial institution as well as the benefit of Tiger's many years of experience with the Company. Despite the tax lien, we were able to put in place another lease line to cover the furniture and wiring for the new headquarters. Those traders sure are happy now!