Case Study: Goodwill of South Florida boosts operational efficiency with flexible financing from First American Equipment Finance

Goodwill of South Florida boosts operational efficiency by 25% with First American Equipment Finance

Goodwill of South Florida, a nonprofit and Florida's largest employer of people with federal-level disabilities, faced the challenge of simultaneously modernizing its apparel manufacturing operation and implementing a new point-of-sale system for its retail division. The complex, multi-phase project involved managing cash flow for vendors across several countries with varying payment schedules. First American Equipment Finance provided a flexible lease line to finance this capital investment.

First American structured a milestone-based lease line that aligned funding with the project's implementation timeline, providing the flexibility to draw capital as needed. This solution allowed for 100% financing of costs and protected Goodwill's working capital. As a result, Goodwill modernized its systems without cash flow disruption, achieving a 25% gain in operational efficiency and strengthened operational execution.

Goodwill of South Florida