Ark Laboratory Expands to Become Helix Diagnostics
Helix Diagnostics is a full-service clinical laboratory that provides complete toxicology analysis. The company focuses on the timely generation of precise and accurate results, and the team at Helix Diagnostics understands the critical importance of monitoring drug interactions in patients who are taking narcotics. Their services also help discourage illicit drug use.
However, at the beginning of the partnership with Team Financial Group, Helix Diagnostics didn’t even exist yet. The company was still operating as Ark Laboratory, a single-service laboratory provider.
Ark Laboratory Faced Dissolution Unless They Obtained Financing
In 2015, Ark Laboratory faced dissolution due to financial obstacles beyond their control, and they began looking at commercial financing options. But the financing companies they talked with didn’t take the time to understand their unique needs and challenges. Fortunately, all that changed when Helix Diagnostics got in touch with Team Financial Group.
“We have dealt with many lenders over the years,” says Norman Kiminaia, CFO of Helix Diagnostics, “and they all lacked what Team Financial Group delivers: personal service.”
Team Financial Group Understood the Vision for Helix Diagnostics and Helped Bring It to Life
Tim Maczka, the founder of Team Financial Group, personally visited Ark Laboratory to meet the ownership team and better understand the company’s needs, concerns, and vision. Thanks to this experience, Tim saw what the other lenders hadn’t: Ark Laboratory’s incredible potential.
Due to the wide variety of diagnostic and office equipment that Ark Laboratory needed, Team Financial Group decided that the best strategy involved two separate financing solutions. With a $1 buyout lease, the laboratory was able to purchase a variety of specialized, long-term assets that would receive daily use. Some of these assets included:
- Quantum mass spectrometers
- SCIEX Triple Quad mass spectrometers
- DNA segment amplifiers
- Clinical chemistry analyzers
Ark Laboratory also received a fair market value (FMV) lease to acquire multiple copiers and printers. The FMV lease allowed the company to pay a lower monthly payment on the machines with the option to update to newer models in the future.
“We found a strategic partner in Team Financial Group, not just another lender,” says Kiminaia. Because of that partnership, Ark Laboratory was able to realize the vision of its leadership team and rebrand as Helix Diagnostics.
Team Financial Group: More Than Just Financing
At Team Financial Group, we offer more than just financing — we create strategic partnerships designed to help clients grow and thrive. Our mission is to build long-lasting relationships with clients and vendor partners so we can deliver the fast, flexible financing that best fits each client’s needs.
“If you’re looking for a true strategic partner to service all your lending needs, then there is no need to look any further,” says Norman Kiminaia. “Team Financial Group is the one that understands your needs and truly works to see your vision.”
To get started on the financing process today, fill out our quick online application and let us do the rest. Or, if you’ve got questions or just want to learn more, call us today at 616-735-2393 or fill out our online contact form.
The content provided here is for informational purposes only. For financial advice, please contact our commercial financing experts.