Technology finance corporation (TFC) typically refers to a financial institution or a company that provides financing solutions specifically tailored for technology-related businesses. These financing solutions may include equipment leasing, asset-based lending, working capital loans, and venture debt.
TFCs typically work with technology startups, emerging growth companies, and established technology companies. They understand the unique financial needs and challenges of the technology industry, such as the need for constant innovation, the long development cycles, and the high capital requirements.
Some examples of TFCs include Silicon Valley Bank, Square 1 Bank, and Hercules Capital. These companies offer a range of financial services to help technology companies grow and succeed, including debt financing, venture debt, and equity financing.