Global Capital, a woman-owned equipment financing firm, added SLM Enterprises, a service-disabled veteran-owned startup headquartered near Nashville, TN, as its newest services partner.
The two companies are teaming to strengthen their service offerings in equipment financing and management, and to respond to market requests for diverse suppliers.
SLM Enterprises CEO Sean McNally launched the firm in August 2016 after returning home from a deployment in Afghanistan with an honorable discharge from the U.S. Army. SLM leverages McNally’s knowledge of equipment financing – he began his career at Global Capital before joining the Army – with the leadership skills he cultivated in the service and his training in heavy equipment maintenance technology.
Global Capital, founded in 1999 by Terri McNally, serves more than 65 Fortune 1000 companies and key mid-sized organizations. The firm is a proud member of the Women’s Business Enterprises National Council since 2000, and McNally, a global advocate for women entrepreneurs, was honored as a Woman of Distinction by the group earlier this year at its national conference in New Orleans.
The partnership brings full circle the Sean McNally’s military and professional experience and the Terri McNally’s commitment to entrepreneurship, diversity and mentoring.
For customers, the partnership aims to provide greater access to capital and flexible lease structures such as on- and off-balance sheet arrangements, fleet management, cost reduction and cost avoidance solutions, capital preservation, 100% financing and lower overall cost of ownership. In addition, the partnership will offer proven leadership in equipment financing for pharmaceuticals, packaging, retail, medical manufacturing, insurance and telecommunications companies, and natural introductions to diverse service providers.
“American corporations are offering veterans a seat at the table and looking for ways to integrate them into the work stream as employees and suppliers,” Sean McNally said. “With the new partnership between SLM Enterprises and Global Capital, we are able to provide world-class equipment financing while positively impacting our customers’ supplier diversity goals.”
“Customers have been telling us that they were looking for veteran-owned businesses. Now we can make introductions with complete confidence in our SLM partner,” McNally added. “For our customers, some of which we’ve served for almost 20 years, this is a positive addition to our capabilities. In my book, it’s a win, win, win.”
This year, Cisco Capital celebrates its 20th anniversary. Amid the celebrations of reaching this considerable milestone, we reflected on the past two decades and recognized several insights into both the evolution of technology vendor finance and the technology industry as... read more
MONITOR: Last year, many businesses chose to defer equipment acquisitions due to the uncertainty that characterized the year. How did this affect your vendor business in 2016? BERG: We definitely saw deferment of equipment acquisitions in the U.S., with new... read more