CURRENT
CEO and President
HQ: Los Angeles
800-322-9738 • taycor.com
Taycor Financial is innovating across the specialty finance spectrum by doing deals other lenders won’t and developing technology that makes the borrowing experience smooth and easy for its customers.
Taycor Financial is a financing provider that puts its focus on small businesses, providing a full range of products, including equipment financing, working capital and lines of credit. Taycor was one of this year’s reader nominated honorees, with one reader saying the company has “worked to create one of the most streamlined broker organizations in the industry” while commending it for its customer-facing online tools and back-end applications and integrations.
Taycor is a company that is innovative for both its willingness to complete deals other lenders won’t consider and for its focus on using technology to develop better customer experiences. Although known more for equipment financing than anything else, Taycor does much more, particularly in the asset-based lending space, providing working capital loans as well as merchant cash advances and startup business financing. On the equipment financing front, Taycor has branched into unique and cutting-edge areas, including providing software and biotechnology financing.
Last fall, Taycor made a move to further solidify its standing in the equipment financing industry by partnering with North Mill Equipment Finance to acquire 100% of the stock of the parent company of Aztec Financial from an affiliate of Aramsco. Taycor assumed the vendor relationships and origination capabilities from Aztec’s market position in the restoration, professional cleaning and surface preparation industries, while North Mill assumed Aztec’s existing portfolio of leases and servicing capabilities.
“Amazing things happen when great organizations join forces,” Michael Hong, CEO of Taycor Financial, said in a press release announcing the transaction. “The combination of Aztec and Taycor will supercharge access to capital for end-user customers and borrowers.”
