Specialized Financing is a Game Changer for Military Gear Manufacturer

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.

– Kevin Hull, CFO, TYR Tactical

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.