About Us
Historya brief glance at our history
1926
Sakichi Toyoda founded Toyoda Automatic Loom Works, Ltd. to manufacture and market his invention, the automatic loom. Toyoda Automatic Loom Works, Ltd. is the present-day Toyota Industries Corporation (TICO). Today TICO is active in three business areas:
- Automotive
- Material Handling Equipment
- Textile Machinery
1967
Toyota Industries Equipment (TIE) was founded.
1983
Toyota Motor Credit Corporation (TMCC) was established.
1984
Commercial Finance Department was established under Toyota Motor Credit Corporation (TMCC) to provide financial services to Toyota Material Handling dealers and their retail customers.
1985
Funded first wholesale flooring dealer.
1985
Commercial Finance division was created to support TIE and Hino Motor Sales dealers across the USA.
2000
Started financing Hino Medium Duty Commercial Trucks.
2001
TICO acquired TIE which later became Toyota Material Handling, USA, Inc. (TMHU), then Toyota Material Handling (TMH) in 2020.
2005
Reached over $1B in earning assets outstanding.
2013
Portfolio grew 12.5% for dealer lending and 18.0% for retail lending.
2014
TMCC and TICO sign Asset Purchase Agreement.
2015
TICO completed the acquisition of Commercial Finance assets & human resources on October 1.
2016
TICF completed migration of all departments from Torrance, California to Coppell, Texas.