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Leasing & Financing

Whether you are a business executive looking to invest in new equipment or a vendor seeking financing options for your clients, you can leverage flexible financing through First American.

Case Studies

See firsthand how organizations have achieved their goals with customized financing from First American.

Manufacturing | Press Machine

Specialized Financing is a Game Changer for Military Gear Manufacturer

Fast Facts

Industry

Manufacturing

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Organization

TYR Tactical, Peoria, AZ

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Client Since

2021

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Equipment Financed

$3,500,000 press machine

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Financing Structure

48-month fixed purchase option lease

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Industry

Manufacturing

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Organization

TYR Tactical, Peoria, AZ

Building Icon

Equipment Financed

$3,500,000 press machine

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Evaluating Financing Options for In-House Production Press

TYR Tactical, a body armor company that makes ballistic vests, shields, and other equipment for military and law enforcement companies, was looking to expand their production strategy and gain more control of the process by manufacturing their own ballistic plates. To do this, they sought to purchase their own press machine from an overseas vendor who had a six-month turnaround time. Knowing this would be a large capital investment, TYR started evaluating financing options. Due to the specialized nature of the equipment and knowing that it would take months to acquire it, they sought a lender with expertise in equipment financing for manufacturers.

“We had to work with a lender who understood equipment financing and was comfortable with the fact that milestone payments would have to be made along the way.”

– Kevin Hull, CFO, TYR Tactical

“We really liked First American because they were extremely responsive, they understood the business well, and they delivered on what they said they could deliver. They really understood how this equipment was going to help our business get to a different level.”

– Kevin Hull, CFO, TYR Tactical

Industry-Specific Financing Achieves Cash Flow Goals and More

With more than 25 years of experience serving manufacturers, First American quickly developed a flexible financing solution for TYR that met both their long-term and short-term cash flow goals. While the press was being manufactured overseas, First American funded milestone payments required by the vendor and structured the lease term over four years with low monthly payments to align with the expected revenue of the new press.

 

In addition to achieving their cash flow goals, TYR appreciated that First American assigned a dedicated Project Manager who worked alongside the overseas press vendor and coordinated delivery of the new press to their warehouse.

Evaluating Financing Options for In-House Production Press

TYR Tactical, a body armor company that makes ballistic vests, shields, and other equipment for military and law enforcement companies, was looking to expand their production strategy and gain more control of the process by manufacturing their own ballistic plates. To do this, they sought to purchase their own press machine from an overseas vendor who had a six-month turnaround time. Knowing this would be a large capital investment, TYR started evaluating financing options. Due to the specialized nature of the equipment and knowing that it would take months to acquire it, they sought a lender with expertise in equipment financing for manufacturers.

“We had to work with a lender who understood equipment financing and was comfortable with the fact that milestone payments would have to be made along the way.”

– Kevin Hull, CFO, TYR Tactical

Industry-Specific Financing Achieves Cash Flow Goals and More

With more than 25 years of experience serving manufacturers, First American quickly developed a flexible financing solution for TYR that met both their long-term and short-term cash flow goals. While the press was being manufactured overseas, First American funded milestone payments required by the vendor and structured the lease term over four years with low monthly payments to align with the expected revenue of the new press.

In addition to achieving their cash flow goals, TYR appreciated that First American assigned a dedicated Project Manager who worked alongside the overseas press vendor and coordinated delivery of the new press to their warehouse. 

"We really liked First American because they were extremely responsive, they understood the business well, and they delivered on what they said they could deliver. They really understood how this equpiment was going to help our business get to a different level."

-– Kevin Hull, CFO, TYR Tactical

New Press Machine Supports Continued Success for Manufacturer

With their new machine, TYR Tactical can now press material at a significantly higher PSI, increasing their ballistic ratings in a lighter-weight product that also better protects end users from the latest threats.

 

By working with First American, TYR was able to bring the production of ballistic plates in-house and serve new markets. TYR and First American continue to work together on new projects to help grow and expand their business.

“My passion is to protect other individuals. Now that we have the ability to manufacture our own plates in house, we have the most advanced ballistic plates in the entire industry.”

– Jason Beck, CEO, TYR Tactical

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