First Coast Business Solutions Equipment Financing

First Coast Business Solutions secured $350,000 in equipment financing to expand service delivery capacity, resulting in 40% revenue growth and 8 new client contracts within 12 months.

Briana Novak, Managing Director of Operations of First Coast Business Solutions a business-services business in North Florida standing confidently

Executive Summary

First Coast Business Solutions, a rapidly growing business services firm in Jacksonville, faced a critical inflection point in 2023. The company had secured significant new contracts but lacked the infrastructure to fulfill them efficiently. A $350,000 equipment financing package enabled the acquisition of advanced servers, networking infrastructure, and diagnostic tools necessary to scale operations.

The Challenge

Growing client demand exceeded existing server capacity and monitoring infrastructure, creating service delivery bottlenecks
Inability to deploy enterprise-grade solutions limited competitive positioning against larger regional competitors
Manual processes and outdated equipment increased operational costs and reduced service margins by 15%

The Solution

First Coast Business Solutions chose equipment financing over capital expenditure to preserve cash flow while maintaining flexibility. The $350,000 facility structured over 60 months aligned with asset depreciation and provided immediate access to enterprise-grade infrastructure without straining working capital reserves.

Funds were deployed strategically across three areas: $180,000 for Cisco networking and security appliances, $120,000 for Dell enterprise servers and storage systems, and $50,000 for monitoring, backup, and diagnostic software licenses. This investment transformed the company's service delivery model from consultant-dependent to technology-enabled, enabling 24/7 managed services and real-time client reporting dashboards.

Briana Novak, Managing Director of Operations
"This equipment financing allowed us to match our ambitions with our capabilities. We went from turning away clients to delivering enterprise-grade solutions that positioned us as a top-tier provider in North Florida."

The Outcome

Revenue increased 40% year-over-year, from $2.8M to $3.9M, driven by new managed services contracts
Service delivery costs decreased 22% through automation and infrastructure efficiency gains
Client retention improved to 94% with enterprise-grade uptime and performance guarantees now offered

Conclusion

Equipment financing proved instrumental in transforming First Coast Business Solutions from a consulting-centric firm to a comprehensive managed services provider. The company successfully captured market share from national competitors by delivering local expertise with enterprise infrastructure.

Looking Forward

Management is evaluating a second $200,000 equipment financing round to expand cloud services capabilities and establish a second data center in Northeast Florida. The company projects $5.2M in revenue for 2024 and plans to hire 12 additional technical staff.