BBB: Rating Leasing Companies
Definition of “Accredited,” according to Better Business Bureau.
“Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation.
“To be accredited by BBB, a business must apply for accreditation and BBB must determine that the business meets BBB accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints. BBB Accredited Businesses must pay a fee for accreditation review/monitoring and for support of BBB services to the public.”
If you would like your company on the next list, up-dated every third month, please send email to: kitmenkin@leasingnews.org
January 2013 BBB Leasing Company Ratings
BBB Leasing Company Ratings
Changes since October 3, 2012
Chase Industries, Grand Rapids, Michigan, : BBB continues to rate company A+ company, although corporation "dissolved” in 2011, founder filed personal BK with many claims from vendors not paid as well as leasing companies and other creditors (removed from Leasing News list)http://www.bbb.org/western-michigan/business-reviews/leasing-service/chase-industries-in-grand-rapids-mi-38115448
Radiance Capital, Tacoma, Washington, remains an A+ despite the several Bulletin Board Complaints regarding charging a purchase option on an Equipment Finance Agreements, including one that also had a $5,000 security deposit, that is now called in “default” for not paying the alleged purchase option on an EFA.
Direct Capital, Portsmouth, New Hampshire moves down from an A+ to an A
TCF Equipment Finance, Minnetonka, Minnesota moves down from an A+ to an A
Marlin Leasing, Mount Laurel, New Jersey moves up from an A to an A+
Onset Financial, South Jordan, Utah moves up from an A- to an A
---Bulletin Board Complaints, Evergreen PPF
and their BBB Ratings---
Ability Capital Solutions, Long Beach, California: A
ACC Capital, Midvale, Utah: not rated
Balboa Capital, Irvine, California: B+
Benchmark Financial, Aliso Viejo, California: F
Balboa Capital, Irvine, California: B+
iFinancial Group, San Clemente, California: A
Integrity Financial Groups, Murray, Utah A-
Liberty Capital, Aliso Viejo, California C
Marlin Leasing, Mount Laurel, New Jersey A+
Jules and Associates, Los Angeles, California: A+
Matrix Business Capital, Long Beach, California: A
Newport Financial Partners, Newport Beach, California: B-
Onset Financial, South Jordan, Utah A
Radiance Capital, Tacoma, Washington: A+
Tetra Financial Group, Salt Lake City, Utah no rating
Leasing News Complaint Bulletin Board
http://www.leasingnews.org/bulletin_board.htm
Companies who utilize Evergreen Clauses
for Extra Lease Payments
http://leasingnews.org/archives/Sep2012/9_07.htm#evergreen
A+
--Accredited 12/16/1997
21st Century Leasing, San Diego, California
http://www.bbb.org/san-diego/business-reviews/leasing-service/21st-century-leasing-in-san-diego-ca-10011418/
--Accredited 9/10/2000
Advantage Leasing Corporation Milwaukee, Wisconsin
http://www.bbb.org/wisconsin/business-reviews/leasing-service/advantage-leasing-corporation-in-milwaukee-wi-1004216/
--Accredited 4/01/2002
Allegiant Partners, San Rafael, California
http://www.bbb.org/greater-san-francisco/business-reviews/leasing-service/allegiant-partners-incorporated-in-san-rafael-ca-46794
Alliance Funding Group, Orange, California
http://www.la.bbb.org/Business-Report/Alliance-Funding-Group-Inc-13096486
---Accredited 3/01/1997
American Capital Group, Inc., Irvine, California
http://www.la.bbb.org/Business-Report/American-Capital-Group-13035961
--Accredited 9/01/2008
Arvest Bank Leasing, Fayetteville, Arkansas
http://www.bbb.org/arkansas/business-reviews/banks/arvest-bank-in-sherwood-ar-5001142
--Accredited 8/27/1999
Axis Capital, Grand Island, Nebraska
http://www.bbb.org/nebraska/business-reviews/office-furniture-and-equipment-rental-and-leasing/axis-capital-in-grand-island-ne-104008575
Bankers Capital, Northborough, Massachusetts
http://www.bbb.org/central-western-massachusetts/business-reviews/financing/bankers-capital-in-northborough-ma-262264
BSB Leasing, Englewood, Colorado
http://www.bbb.org/denver/business-reviews/financial-services/b-s-b-leasinginc-in-englewood-co-26029
--Accredited 6/20/1996
Charter Capital, Scottsdale, Arizona
http://www.bbb.org/central-northern-western-arizona/business-reviews/leasing-service/charter-capital-in-scottsdale-az-89000861/
Chase Industries, Grand Rapids, Michigan
http://www.bbb.org/western-michigan/business-reviews/leasing-service/chase-industries-in-grand-rapids-mi-38115448
CSI Leasing, St. Louis, Missouri
http://www.bbb.org/stlouis/business-reviews/computers-dealers
/cs-i-leasing-in-saint-louis-mo-110207320
Dakota Financial, LLC, Los Angeles, California
http://www.la.bbb.org/business-reviews/Loan-Companies/Dakota-Financial-LLC-in-Los-Angeles-CA-13177252
De Lage Landen Financial Services,
Incorporated, Wayne, Pennsylvania
http://www.bbb.org/washington-dc-eastern-pa/business-reviews/financing/de-lage-landen-financial-services-incorporated-in-wayne-pa-80012304/
--Accredited 3/10/2011
Financial Pacific, Federal Way, Washington
http://www.bbb.org/western-washington/business-reviews/consumer-finance-and-loan/financial-pacific-leasing-in-federal-way-wa-22025327
--Accredited 8/10/2011
Five Point Capital, San Diego, California
http://www.bbb.org/san-diego/business-reviews/financing/five-point-capital-inc-in-san-diego-ca-20001011/
--Accredited 12/27/2010
Great America Leasing, Cedar Rapid, Iowa
http://www.bbb.org/iowa/business-reviews/financing/great-america-leasing-in-cedar-rapids-ia-20000104
Innovative Leasing Services, Inc. Carlsbad, California
http://www.bbb.org/san-diego/business-reviews/leasing-service/innovative-lease-services-inc-in carlsbad-ca-10008827/
--Accredited 7/20/2011
Jules & Associates, Los Angeles, California
http://www.la.bbb.org/Business-Report/Jules-and-Associates-Inc-92003291
---Accredited 1/2/1993
Key Equipment Finance aka KeyBank Headquarters Location
http://www.bbb.org/cleveland/business-reviews/banks/keybank-in-cleveland-oh-6747/
--Accredited 5/9/2003
Lease Corporation of America, Troy, Michigan
http://www.bbb.org/eastern-michigan/business-reviews/computers-software-and-services/lease-corporation-of-america-in-troy-mi-45000151/
Accredited since 08/01/1997
Lease $mart, Oro Valley, Arizona 85737
http://www.bbb.org/tucson/business-reviews/leasing-service/lease-mart-in-tucson-az-6762
---Accredited 2/22/2011
Marlin Leasing, Mount Laurel, New Jersey
http://www.bbb.org/new-jersey/business-reviews/business-consultants/marlin-leasing-in-mt-laurel-nj-80012102
---Accredited 4/30/2004
Mar Vista, Villa Park, California
http://www.la.bbb.org/Business-Report/Mar-Vista-Financial-13158488
Mazuma Capital Corp., Salt Lake City, Utah
http://www.bbb.org/utah/business-reviews/contractor-equipment-and-supply-rental-and-leasing-companies/mazuma-capital-in-draper-ut-22214565
Orion First Financial, Gig Harbor, Washington
http://www.bbb.org/western-washington/business-reviews/consumer-finance-and-loan-companies/orion-first-financial-in-gig-harbor-wa-37003864
Accredited since 09/02/1999
P&L Capital, Omaha, Nebraska 68137
http://www.bbb.org/nebraska/business-reviews/office-furniture-and-equipment-rental-and-leasing/p-and-l-capital-in-omaha-ne-104006668
Pawnee Leasing, Fort Collins, Colorado
http://www.bbb.org/wyoming-and-northern-colorado/business-reviews/leasing-companies/pawnee-leasing-corporation-in-fort-collins-co-46006417
---Accredited since 08/21/2007
Portfolio Financial Servicing Company, Portland, Oregon
http://www.bbb.org/oregon/business-reviews/financial-services/portfolio-financial-servicing-company-in-portland-or-22140131
---Accredited 8/20/2009
Providence Capital Funding, Brea, California
http://www.la.bbb.org/Business-Report/Providence-Capital-Funding-Inc-100085193
Radiance Capital, Tacoma, Washington
http://www.bbb.org/western-washington/business-reviews/office-furniture-and-equipment-rental-and-leasing/radiance-capital-in-tacoma-wa-22227403
Southern California Leasing Inc., Tustin, California
http://www.la.bbb.org/Business-Report/Southern-California-Leasing-Incorporated-13135867
---Accredited 03/03/1979
Steelcase Financial Services, Grand Rapids, Michigan
http://www.bbb.org/western-michigan/business-reviews/office-furniture-and-equipment-wholesale-and-mfg/steelcase-in-grand-rapids-mi-14000824
---Accredited 3/11/2005
Strada Capital Corporation, Laguna Hills, California
http://www.la.bbb.org/Business-Report/Strada-Capital-Corporation-100005606
Studebaker-Worthington Leasing Corp., Jericho, New York
http://www.bbb.org/NYC/business-reviews/financing/studebaker-worthington-leasing-corp-in-jericho-ny-21198/
---Accredited 12/19/2007
Summit Funding Group, Cincinnati, Ohio
http://www.bbb.org/cincinnati/business-reviews/financing/summit-funding-group-inc-in-cincinnati-oh-1206757/
United Leasing, Evansville, Indiana
http://www.bbb.org/evansville/business-reviews/auto-leasing-and-rental-companies/united-leasing-in-evansville-in-99475
A
---Accredited 2/10/2007
Ability Capital Solutions, Long Beach, California
http://www.la.bbb.org/Business-Report/Ability-Capital-Solutions-100046803
--Accredited 4/6/2010
Cornerstone Medical & Technology Finance, Lees Summit, Missouri
http://www.bbb.org/kansas-city/business-reviews/financial-services/cornerstone-medical-and-technology-finance-in, -lees-summit-mo-99153606
--Accredited 8/19/2011
iFinancial Group, San Clemente, California
http://www.la.bbb.org/Business-Report/iFinancial-Group-13077753
--Accredited since 12/13/2007
Matrix Business Capital, Long Beach, California
http://www.la.bbb.org/business-reviews/Office-Furniture-and-Equipment-Rental-and-Leasing/Matrix-Business-Capital-in-Long-Beach-CA-100041782
---Accredited 8/12/2010
Navitas Lease Finance Corp., Ponte Vedra Beach, Florida
http://www.bbb.org/north-east-florida/business-reviews/financial-services/navitas-lease-finance-corp-in-ponte-vedra-beach-fl-125716478/
Onset Financial, South Jordan, Utah http://www.bbb.org/utah/business-reviews/financial-services/onset-financial-in-south-jordan-ut-403
TCF Equipment Finance, Minnetonka, Minnesota
http://www.bbb.org/minnesota/business-reviews/consumer-finance-and-loan-companies/tcf-equipment-finance-in-minnetonka-mn-96072521
Accredited since 04/01/1970
US Bank Manifest, Portland, Oregon
http://www.bbb.org/minnesota/business-reviews/banks/us-bank-in-minneapolis-mn-407
A-
Celtic Leasing, Irvine, California
http://www.la.bbb.org/Business-Report/Celtic-Leasing-Corp-78000620
Direct Capital, Portsmouth, New Hampshire
http://www.bbb.org/concord/business-reviews/financial-services/direct-capital-corporation-in-portsmouth-nh-3004519#
Integrity Financial Groups, Murray, Utah http://www.bbb.org/utah/business-reviews/financing-consultants/integrity-financial-groups-in-murray-ut-22293260
Tristar Capital, Santa Ana, California
http://www.la.bbb.org/Business-Report/Tri-Star-Capital-LLC- 13137212
B+
Balboa Capital, Irvine, California
http://www.la.bbb.org/Business-Report/Balboa-Capital-Corporation-13126386
Varilease Finance, Inc., Salt Lake City, Utah
http://www.bbb.org/utah/business-reviews/credit-services/varilease-finance-in-salt-lake-city-ut-22165465
B
LEAF Financial Corporation, Philadelphia, PA
http://www.bbb.org/washington-dc-eastern-pa/business-reviews/financial-services/leaf-financial-corporation-in-philadelphia-pa-55049028/
B-
Main Street Bank, Kingwood, Texas
http://www.bbb.org/houston/business-reviews/banks/main-street-bank-in-kingwood-tx-22011705/
Newport Financial Partners, Newport Beach, California
http://www.la.bbb.org/business-reviews/Other-Financial-Services/Newport-Financial-Partners-LLC-in-Newport-Beach-CA-100100708
C +
TimePayment Corporation
http://www.bbb.org/boston/Business-Reviews/leasing-service/timepayment-corp-in-burlington-ma-117288/bbb-rating
C
Liberty Capital LLC, Aliso Viejo, California
http://www.la.bbb.org/business-reviews/Other-Financial-Services/Liberty-Capital-LLC-in-Aliso-Viejo-CA-100115384
F
Barklay Capital, Inc., Costa Mesa, CA
http://www.la.bbb.org/Business-Report/Barklay-Capital-Inc-100016455
Benchmark Financial Group, Aliso Viejo, California
http://www.la.bbb.org/Business-Report/Benchmark-Financial-Groups-LLC-100045720
Equilease Financial Service, Norwalk, Connecticut
http://www.bbb.org/connecticut/business-reviews/financial-services/equilease-financial-service-in-norwalk-ct-1003628
Susquehanna Commercial Finance, Pottstown, Pennsylvania
http://www.bbb.org/washington-dc-eastern-pa/business-reviews/financial-services/susquehanna-commercial-finance-in-pottstown-pa-140042240/
NOT Rated Any More:
ACC Capital, Midvale, Utah
http://www.bbb.org/utah/business-reviews/financial-services/acc-capital-in-midvale-ut-5002457
Closed, lenders running off portfolio residuals, according to Loni Lowder, president.
Atel Capital
http://www.bbb.org/greater-san-francisco/business-reviews/equipment-rentals-and-sales/atel-in-san-francisco-ca-76975
Business Leasing NorthWest, Seattle, California
http://www.bbb.org/western-washington/business-reviews/leasing-service/business-leasing-northwest-in-seattle-wa-22035387
Enterprise Capital Partners dba Enterprise Leasing, Spokane, Washington
http://www.bbb.org/eastern-washington/business-reviews/investment-advisory-service/enterprising-capital-partners-in-spokane-wa-64002656/
Icon Capital Group, Harrison, New York
http://www.bbb.org/NYC/business-reviews/financing-consultants/icon-capital-corp-in-harrison-ny-27583/ (Icon Capital now into gas and oil).
Somerset Capital Group, Milford, Connecticut
http://www.bbb.org/connecticut/business-reviews/leasing-service/somerset-capital-group-in-bridgeport-ct-1001573
(This company was an A- in 2010. The site lists no complaints in the last 12 months or last three years. No explanation is given as to why it is “not rated.”)
Tetra Financial Group, Salt Lake City, Utah
no rating
Many banks and financial Institutions with leasing entities evidently do not have their leasing divisions separated from bank and financial institutions ratings. No rating was found on the leasing divisions.
Find your company's BBB listing by going to www.bbb.org and using your zip code first for the right division.
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