NFS Leasing extended its financing support to Velico Medical, a clinical-stage medical and scientific technology company that is working to reduce the number of preventable deaths caused by bleeding. Over the past 10 years, NFS Leasing has provided multiple equipment leases to Velico Medical, including financing for diagnostic equipment and manufacturing equipment. Most recently, NFS Leasing provided a $400,000 lease to refresh Velico’s office with new furniture and equipment to support its growing team.

“NFS Leasing has been a key partner for Velico Medical,” Mark Barbera, CFO of Velico Medical, said. “Their financing support has contributed to our success and we value their long-term partnership. We required an active partner that could offer financing solutions for different types of equipment over time and NFS Leasing did just that. Their expertise and commitment to our mission have been invaluable.”

Velico Medical is developing a novel dry plasma manufacturing system intended to equip blood centers with the abiility produce point-of-care, dry plasma products for transfusion.

“NFS understands the significance of being an engaged partner, offering solutions that help customers grow and prosper,” Rich Vassallo, vice president of business development at NFS Leasing, said. “We have collaborated with Velico for 10 years now and are excited to continue supporting their remarkable objectives. Working with customers like Velico is an incredibly satisfying experience for me and NFS Leasing as a whole.”

The recent financing provided by NFS Leasing enabled Velico Medical to refurbish its office with new office furniture and equipment.