Story Credit Lessors - Lenders List
"C" & "D" Lessees, Business Loans, Working Capital

These companies specialize in "C" and "D" credits, often new businesses, or businesses where the principal(s) have Beacon scores around 600 or have had previous difficulties; meaning to become comfortable with the credit and financial statements. That means you need to learn the "story" to make a positive decision, often requiring further security, shorter term, or additional guarantors. Many of these companies may also have programs for “A” and “B” rated companies, but their specialty is not being a “cookie cutter” and often require full financial statements and tax returns as well as a “story about the company, its history, goals, circumstances” to fully understand the full financial picture.

Many of these companies also offer business loans and working capital loans, as well as doing "subprime leases."

Also listed below the dollar amounts are companies that who are known for accepting "subprime leasing."

All accept qualified third party originations and pay a commission.

To qualify for this list, the company must be a funder (as qualified by Leasing News and on the “Funder List” and not a "Broker/Lessor” along with an acceptable Better Business Bureau Rating and no history of complaints at Leasing News, as well as notifying lessees in advance when the lease will end and what the residual will be, specifically not automating extra lease payments, as we as insisting their discounter follow the same policy. We reserve the right to not list a company who does not meet these qualifications.

Funder List “A”
http://www.leasingnews.org/Funders_Only/Funders.htm

We encourage companies who are listed to contact us for any change or addition they would like to make. Adding further information as an "attachment" or clarification of what they have to offer would be helpful to readers is also very much encouraged.

kitmenkin@leasingnews.org

Alphabetical list - click on company name to view more details

American Leasefund, Inc.
Bankers Capital
Black Rock Capital Investment, LLC
BSB Leasing, Inc
Calfund, LLC

Cobra Capital LLC
Dakota Financial

Financial Pacific Leasing
Forum Financial Services, Inc.
Gonor Funding
Maxim Commercial Capital, LLC
Mesa Leasing
Northwest Leasing Company, Inc.



Pawnee Leasing Corporation
Park Western Leasing
P&L Capital Corporation
Standard Professional Services, LLC
Summit Leasing, Inc.
TEAM Funding Solutions

 

Name
In Business Since
Contact
Website
Leasing Association
Employees
Geo
Area
Dollar
Amount
Business Reports
Financial Pacific Leasing
A subsidiary of Umpqua Bank
1975
Terey Jennings, CLFP
800.447.7107
tjennings@finpac.com
www.finpac.com
ELFA, NAELB, NEFA (BBB)
140
 
USA and Canada
$5,000 - $100,000
Pawnee Leasing Corporation
1982
Gary H. Souverein President
(800) 864-4266 ext. 222
Gary@pawneeleasing.com
www.pawneeleasing.com
ELFA, NAELB & NEFA
(Click here for further description)
85
48 contiguous states

$1,000 - $200,000

Does Subprime Leases

P&L Capital Corporation
1996
Phil Lieber
800.698.1686
phil@plcapital.com
www.plcapital.com
NEFA
(Click for further description)
28
Nationwide

$10,000
(most clients are doing monthly or quarterly schedules)

 

Park Western Leasing
Tempe, Arizona
1987
Monique Leber
D: 480.237.6056,
 C: 602.405.0590
E: mleber@pwli.com

www.pwli.com
click here for more info
28
Western US
$10,000 -$1 Million
Avg: $30,000 -$250,000
 
Maxim Commercial
Capital, LLC

2008
877-77-MAXIM or
213-480-4840
Doug Houlahan, CLFP
415-599-4057 doug@maximcc.com
Shervin Rashti, CLFP
213-599-7660 shervin@maximcc.comwww.maximcc.com
CFA, NAELB, NEFA (DD)
22
U.S.

Net Owner-Operator Financing $10,000-$40,000 Business Financing Program $20,000 - $2,500,000

BSB Leasing, Inc.
1992 Colorado, Hawaii
Don Meyerson, Pres.
DMyerson@bsbleasing.com
Bruce Zwillinger, Vice President
 bzwillinger@bsbleasing.com
800.945.3372 ext. 306
Steve Crane, CLP
VP, Commercial Division
scrane@bsbleasing.com

Randy Propect, East Coast
rpropect@bsbleasing.com
Vicki Shimkus,CLP
West Coast Brokers
vshimkus@bsbleasing.com
www.bsbleasing.com
NAELB (EE)
16
National
$10,000 Minimum Application Only to $250,000 Financial Statement Transaction Up to $1MM Business Loans Up to $500K
TEAM Funding Solutions
1992
Ted Reynolds – Owner and President
Jeff Deskins – Credit Manager
App Submittal:
Lynn Smith – Senior Broker Development Manager 888-457-6700 x115,
Martin Lacayo – Broker Development Manager 888-457-6700 x106,
Bill Baskerville – Broker Development Manager 888-457-6700 x114,
Funding: Stephen Stuesser – CFO
Jamie Moore – Marketing Manager
Phone: 888-457-6700 x109,
Enrollment Fax: 512-258-2322
www.teamfundingsolutions.com
NAELB, NEFA
(Z)
13
48 states
$20,000 - $200,000
Summit Leasing, Inc.
1986
James, Klemens, Kevin, Mike & Mark
800.736.1530
www.summitleasing.com

13
CA, ID, MT, OR, WA
$20,000 - $400,000
 
Calfund, LLC
2000
Harry Saghian
harry@calfundllc.com
www.calfundllc.com
10
United States

$10K Minimum Loans Only, No Leases

Dakota Financial
310.696.3030 x122
www.dakotafinancial.com
NAELB, NEFA

9
Nationwide
$10,000 to $1MM
Black Rock Capital
Investment, LLC
1994
George Booth
gkbooth@blackrockcapital.com
203.336-9200
www.blackrockbkcc.com
ELFA
7
US Canada (F)

$50,000 to $3MM

$250,000 average transaction

Forum Financial Services, Inc.
1996
Tim O'Connor
972-690-9444 ext. 225
tim@forumleasing..com
275 West Campbell Road
Suite 320
Richardson, Texas 75080
Fax: 972-690-9464
www.forumleasing.com
NAELB & NEFA (W)
7
Nationwide

$50,000 to $1.0 million. Our average size transaction is $250,000.
Preferred Range
$100,000 to $500,000

Does Subprime Leases

   

American Leasefund, Inc.
1999
Tom Davis
tom@alclease.com
800.644.1182 - PH
503.244.0845 - FX
www.americanlf.com
NEFA (Q)
6
Idaho, Montana, Oregon, Washington

$5,000 - $50,000

Does Subprime Leases

Bankers Capital
1990
Larry LaChance - President
508-351-6000
llachance@bankers-capital.com
www.bankers-capital.com
NAELB, NEFA (GG) 
6
Nationwide - 50 States

$25,000 +

Cobra Capital LLC
Darien, Illinois
Dale R. Kluga, President
dale@cobrallc.com
P
hil Azriel
  Director, Broker Relations
  phil@cobrallc.com

Office:630-985-3500
Fax: 630-985-3567
www.cobrallc.com
ELFA
(Footnote)
6
Nationwide - 50 States
$50,000 - $1MM
$250,000 average transaction
.
 
Standard Professional
Services, LLC
1976
Mr. Raphael Lavin, CLP
JWhalen@spsllc.net
847-291-7858
www.spsllc.net
NAELB, NEFA (I)
4
Nationwide & some offshore

$10,000 - 250,000

($25,000 - $150,000 desired)

Gonor Funding
2001
Norman J. Gonor
ngonor@gonorfunding.com
818.784.5444
Jason Gonor
818.402.6999
www.gonorfunding.com (Y)
3
USA

$10,000 to $100,000 with an average of $25,000 - $35,000

Does Subprime Leases

   

Mesa Leasing, Inc.
2000
David Watt
dave@mesaleasing.com
850-641-1002
www.mesaleasing.com
NAELB
(Notes)

3
California

$10,000 to $100,000

 

Northwest Leasing
Company, Inc.

Bellevue, Washington
1992
Tad Rolfe 425-827-8386
tad@nwleasing.com
www.nwleasing.com
(more info)

3
Washington, Oregon, and Idaho

$10,000 to $75,000 (Avg. $25K)

 
Name
In Business Since
Contact
Website
Leasing Association
Employees
Geo
Area
Dollar
Amount
Business Reports

Business Reports: Companies listed may make any netiquette comment about their company or reports or other information in the footnote section of their listing. Leasing News recommends readers also view the footnote as well as the section itself or searching reports on the business.

It also should be noted that if a BBB report listing is found by a reader, as there may not have been one when this was last up-dated, please send the link to kitmenkin@leasingnews.org so Leasing News may up-date this section.

BBB - Better Business Report | CBB - Leasing News Complaint Bulletin Board | CNI - Current News Information

-------------------------------------------------------------------------------------------------------

(A) Pawnee Leasing Corporation; Some times we go higher than $30,000, but our marketplace is from $1,000 to $30,000. Broker Qualify - One year time in business

(G) Cobra Capital LLC. Comments: Our registered trademark "Solutions that work" is our designator of origin and central marketing identity for both strong and weak credits. In addition to funding strong credits, we have also developed a 15 year history, (from Cobra and my prior company GALCO), with funding specialty, non-conforming transactions and have a solid reputation for candidly responding to our originators and lessees and working diligently to mitigate deal risk rather than making excuses to turn deals down. Our originators prefer our underwriting approach to non-conforming transactions since unlike most non-conforming funders, we prefer to mitigate risk versus jacking our return. Both Originators and Lessee's prefer our candid approach as we are also frequently asked to advise lessee's and lessors on the best way to structure their bank loans and raise capital due to our 30+ year banking and accounting backgrounds as my partner and I are both former bankers and CPA's.

(I) Standard Professional Services. LLC is a non-cookie cutter funder who does not credit score.

(P) Financial Pacific Leasing supports a nationwide network of Brokers and Lessors. We specialize in "B" and "C" credits for established companies as well as companies under two years in business. Broker Qualify - Please Call or see "Prospective Broker" section on website

(Q) American Leasefund, Inc. funds small hard to do transactions under $50,000.00. Most of the transactions are "app only". We look for additional collateral or larger first payments to help the weaker credits. We maintain and service our own portfolio. All of our lessee billings are done via ACH. Broker Qualify - Please Call

(S) We at Summit Leasing consider ourselves to be primarily "B" credit lenders, working almost exclusively through brokers. Broker Qualify - Contact us

(W) Forum Financial Services, Inc., prefer venture capital backed start-ups and middle market to large corporate turnaround companies including companies in bankruptcy and post bankruptcy. Our absolute minimum sales for an established business with financial problems are $10.0 million. (this does not include venture capital backed start-ups). Broker Qualify - Please visit our website at www.forumleasing.com or call 972-690-9444 ext. 225

(Y) Gonor Funding specializes in hard to fund leases with D credit. Collateral based with good rates and commission program. Broker Qualify - Please Call

(Z) TEAM Funding Solutions is a C-credit funder that provides a unique alternative to credit scoring. We fund new business start-ups and older businesses with weaker credits when we roll up our sleeves to understand “their story.” Equipment leases are approved and funded based on common sense, the Lessee’s ability to pay and the Broker’s input.

(CC) Provides financing, leasing, and lending services to businesses and municipalities with “A” through “D” credit profiles throughout the United States, Canada, Mexico, and South America.  Since inception, FMEF has provided nearly $1 billion in financing to over ten thousand customers. Also seeks third party originations.

Financing programs, leases, and loans for equipment costing from $10,000 to $10,000,000+.  “Application only” programs (No financials or tax returns required) for equipment up to $350,000 and we generally make a credit decision on these transactions within 24 hours. www.netlease.com

(DD) Maxim Commercial Credit provides creative and flexible asset-based financing for today's challenging credit market.

(EE) BSB Leasing, Inc. is a direct funding source. In addition we offer an experienced Syndication Desk that can place transactions that fall outside of credit, equipment, geographic or dollar amount appetite.

(FF) NFS Leasing is a Technology Leasing Specialist which provides funding for B, C, and D and story credits. We make our own credit decisions, service the full lifecycle of transactions on our own balance sheet. We are fast, flexible, and easy to work with. IT & Computer Equipment, Medical, Scientific Equipment, & Office Equipment. We service Canada and the UK as well.

(GG) Bankers Capital "We will do ANY Type of Equipment, in ANY industry, in ANY state.  We especially like 6-figure transactions with full financial packages no matter how good or bad they look.  We look to structure the story C&D credits with any kind of additional collateral that makes sense.  It could be with 2nd or 3rd mortgages on residential or commercial Real Estate, additional equipment, cash value life insurance, security deposits, vendor agreements.  We look for any way to make the deal work instead of looking for any way to decline the deal." Broker Qualify - Please contact Larry LaChance