Financial Institutions & Leasing Companies

If you are a financial institution or leasing company, then you may want to learn more about how TCL’s Complete Asse Management solutions can help you secure, remarket, and sell surplus or redundant assets so that you receive accurate asset valuations or timely liquidity when you need it most.

As one of Greater Toronto’s longest-run auction and appraisal management companies, we have been assisting Financial Institutions & Leasing Companies to establish relationships with new clients and broader existing relationships for over 60 years.

Lending Officers

TCL’s Certified Appraisal and Audit Services are an essential tool to Lending Officers who are conducting a credit risk assessment when approving a new loan.

Further, they can be crucial in determining the realizable value of chattel collateral assets when considering a loan renewal or extending a line of credit. Without understanding what these assets are worth at the time of the initial transaction, or knowing what they may be worth when realized on, it can be difficult to make a decision with confidence.

Our team of Certified Appraisers provide you with accurate and timely evaluations of a single piece of equipment, a complete process line or an entire plant.

Additionally, our Forensic Asset Audit Services provide Lending Officers with a thorough and accurate accounting of subject assets for security registration, and can uncover discrepancies that may dramatically alter future realization value. Asset audits have become a key element in tracking machinery and equipment in the field and a valuable tool to protect the Lender’s present and future interests.

Collection Departments

Many asset owners look to us for guidance when equipment is returned at the end of a lease or repossessed due to default or delinquent loans. That’s because few people look forward to refurbishing, redeploying, recycling, or reselling old or used equipment.

Done in compliance with PPSA, TCL’s Auction and Liquidations Services will help you with all aspects of the recovery and remarketing process, which includes maximizing the realizable liquidation value of assets while minimizing the turnaround time required for asset conversion.

TCL is able to manage and execute this process from start to finish so that you can securely recover your assets and quickly get the most out of them.

Our team works closely with bailiffs, machinery movers, shippers and other service providers to ensure a seamless securing, deinstallation, recovery, and relocation of the assets to our warehouse facilities, all the way through to the re-marketing, final sale and remittance of funds.