HomeCoast in Action

What Our Clients Are Saying About HomeCoast

"Recently, the conveyor belt in our older manufacturing plant broke and left us with downtime we could not afford. The engine was shot and so we were told we needed to replace the entire unit. Our credit line was maxed and I did not have the cash on hand. I had recently received something in the mail from HomeCoast Capital about their equipment leasing. I called and told the Account Executive about my situation and they came to my office that afternoon. Within a day, I was approved for a lease and had the new conveyor belt installed within the week. HomeCoast saved me thousands of production dollars and I can't thank them enough!"
-Miguel, Plant Manager for a Metal Assembler and Manufacturer

"I was getting so tired of constantly filling out applications every time we needed a car for our fleet. In the car rental business, cars are constantly breaking down or being sold. As a need would come up, I would have to wait for my old leasing company to approve the lease and then deliver the car. They never financed the delivery charge and it took them weeks to complete. When HomeCoast Capital approached me about setting up a master lease, I was so thrilled. Not only do I not have to go be bothered with re-applying over and over, but they also financed the delivery charge for us, as well. Now, I have a car on my lot in days when I need one. Thanks HomeCoast!"
-Cindy, Operations Manager for a Rental Car Company

"My business needed some high-dollar equipment upgrades to increase efficiency, but we were in discussions with an investor to do some expansion. I did not want to have to show the equipment on my balance sheet, so I was resolved to wait for the upgrades. However, when my HomeCoast rep sat down with me and explained how an operating lease works, I realized that I could get the equipment I needed now without affecting my talks with the investor. Actually, the increased efficiency from the equipment impressed the investor group and definitely helped in our negotiations. I'm very pleased with the consultative approach HomeCoast had with us."
-Andre, President of a Digital Production Studio

Spotlight On Success

Problem: A printing company had the opportunity to take on $3.4 million project that was larger in scope than anything they had ever done before. They quickly realized that they did not have enough capacity to meet this contract and still keep our current clients happy.
Solution: HomeCoast was able to approve the client for two new pieces of printing equipment and had them installed within a week. HomeCoast also was able to set up an asset-based line of credit against the new purchase order, giving the client additional working capital to staff up for the new project.
Result: Not only did the client complete that project on time, they won two more projects from the same client totaling over $9 million. They leased another piece of equipment and are already running at full capacity, looking to expand into a new office space.

Problem: A small computer software company had a power surge that fried their server. It was a small ticket item and although they had the cash to buy a new server, they did not want to have to deplete their working capital. They applied to several leasing companies, all of which were not interested in helping them because the server did not cost enough to justify their time.
Solution: HomeCoast took the time to handle the lease transaction, even though it was a small ticket item.
Result: Even though the initial transaction was small, the client was thankful that HomeCoast did not treat them any differently than a large ticket transaction. The client ended up doing over $150,000 in additional leasing business with HomeCoast in the coming months for additional upgrades.