Tiger Leasing Finances The Expansion of a Dynamic School
A storied 75 year old school that began with a small nursery program and grew into a fully accredited state-of-the-art elementary school was expanding into a new 60,000 square foot facility. They had grand plans – a Theatre space for staging plays, a fully-equipped Gymnasium, a cafeteria with an eco wall that grows edible plants and a technology laboratory. All of this space needed equipment and classroom furniture for students. Once we were referred to the client, we got to work!
After gathering all of the credit information and financial statements of the company and related entities, we established a lease line of $1,000,000 for the school. We signed a Master lease Agreement and established lease schedules for the different equipment which would be delivered over time depending on construction. We advanced deposits to most of the vendors to get the equipment ordered – there was a long lead time to manufacture some of it.
Classroom furniture, computer equipment, wiring, theatre lighting equipment, Smart Boards, intercom system, and even musical instruments, including a grand piano were all delivered over a six month period. We visited the school after everything was in place. How gratifying to see children at work and play using the equipment that we financed!