Tricor Lease & Finance Corporation

Tricor Lease & Finance Corporation is a privately held financial services company specializing in equipment leasing and financing solutions for businesses. While they maintain a relatively low public profile compared to larger, publicly traded leasing giants, Tricor operates as a significant player in providing tailored financial products that empower companies to acquire essential equipment without significant upfront capital expenditure.

Headquartered in Milwaukee, Wisconsin, Tricor focuses primarily on serving businesses across various industries, including manufacturing, construction, transportation, and healthcare. Their core business revolves around structuring customized lease and finance agreements designed to meet the unique needs of each client. This personalized approach distinguishes them from more standardized financing options and allows for greater flexibility in terms of payment schedules, equipment upgrades, and end-of-lease options.

One of Tricor’s key strengths lies in its deep understanding of the equipment it finances. This expertise enables them to accurately assess the value of the equipment and offer competitive rates. They don’t just provide financing; they offer consultative services, helping businesses determine the most cost-effective and efficient way to acquire the assets they need to grow. This often involves navigating complex tax implications and depreciation schedules to optimize the financial benefits of leasing versus purchasing.

The company offers a range of leasing products, including capital leases, operating leases, and sale-leaseback arrangements. Capital leases effectively transfer ownership of the equipment to the lessee at the end of the lease term, while operating leases offer shorter terms and allow the lessee to return the equipment to Tricor at the end of the lease. Sale-leaseback arrangements involve a company selling its existing equipment to Tricor and then leasing it back, freeing up capital for other business needs.

Tricor’s success can be attributed to its strong relationships with both equipment manufacturers and end-user businesses. By developing partnerships with equipment vendors, they can often offer preferential financing terms and streamlined acquisition processes. Their commitment to building long-term relationships with their clients, characterized by responsive service and flexible solutions, contributes significantly to their reputation and repeat business.

While specific financial details regarding Tricor Lease & Finance Corporation are not readily available due to its private status, its established presence in the equipment leasing market suggests a solid and sustainable business model. By focusing on personalized service, industry expertise, and flexible financing options, Tricor continues to provide valuable support to businesses seeking to acquire the equipment they need to thrive.