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Balance Sheet Cash Flow Statement 10M Commerce Way Woburn, MA 01801 MA Tel. 781-994-4800 Fax 781-994-4710 |
Type: Public
On the web:
http://www.microfinancial.com
Employees:
78
MicroFinancial thinks big when it comes to leasing small-ticket commercial items to small and midsized businesses. Through subsidiary TimePayment, MicroFinancial leases items that are generally valued between $500 and $15,000. Although the "microticket" leaser provides financing for a variety of office and commercial equipment, the majority of the contracts in its portfolio are for point-of-sale authorization systems for debit and credit cards. It doesn't lease and rent equipment directly, but through a network of independent dealers across the US. Internet-based TimePaymentDirect processes applications and approves credit; Insta-Lease provides the same services via telephone, fax, and e-mail.
Key numbers for fiscal year ending December, 2008:
Sales: $39.5M
One year growth: 24.8%
Net income: $5.9M
Income growth: (4.1%)
Officers:
Chairman: Peter R. Bleyleben
President, CEO, Secretary, Treasurer, Clerk, and Director: Richard F. Latour
VP and CFO: James R. Jackson Jr.
Competitors:
CalFirst
CIT Group
ECHO, Inc.
