Tetra Financial Group is an equipment finance company, based in Salt Lake City, Utah. Tetra Financial is an independent firm in the equipment leasing industry, providing commercial leasing and financing for equipment and software to companies across the United States.
In January 2015, Sun Life Financial, Securcor Inc. and Tetra Financial Group announced the establishment of a private securitization facility for US$50 million. Sun Life Assurance Company of Canada provided funding for the facility, and Securcor provided structuring support and is the administrative agent. The facility is backed by commercial equipment leases originated by Tetra Financial.
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History
Tetra Financial Group's history began in 1986, with a small equipment finance firm in the Intermountain West. The company was subsequently established as an independent business entity in 2002, and today is a major source of equipment financing for companies throughout the United States. Tetra Financial Group is headquartered in Salt Lake City, Utah.
Business and services
Tetra Financial Group provides several types of equipment leasing and financing options for a wide variety of businesses and equipment in multiple industries, including technology and software, agriculture, healthcare, construction, transportation, manufacturing, telecommunications, mining, energy, aviation, and other industries and equipment types geographically dispersed throughout the country. The company's leasing programs include tax and non-tax lease structures, capital leases, operating leases, fair market value leases, purchase option leases, and dollar-buyout leases, as well as sale-leasebacks for used equipment.
Tetra Financial Group also provides programs for progress funding to finance the implementation or construction phase of equipment projects, as well as financing for specialized and non-traditional equipment.
Tetra Financial Group is a member of the Equipment Leasing and Finance Association, the National Equipment Finance Association, and the National Association of Equipment Leasing Brokers.
Source of the article : Wikipedia
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