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Home > Company Index > Financial Services > Commercial Lending > Source Capital Corporation

Source Capital Corporation
Nasdaq (SC): SOCC
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 PROFILE
Source Capital wants to be the source of your debt. The company and its subsidiaries make direct commercial loans -- primarily secured by real estate or personal property -- to individuals and corporations. Its commercial lending activities include real estate loans, secured lines of credit, and construction and development loans. Most loans are collateralized by first mortgages on real estate, though the company takes second-mortgage positions as well. Subsidiary Source Capital Leasing offers customers in 11 western states leases on vehicles and on offices, construction, retail, restaurants, and other equipment. Fellow Spokane, Washington business Sterling Financial Corporation is buying Source Capital.

 COMPETITION
American Business Financial Services, Inc. (ABFI)
Irwin Financial Corporation (IRWN)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 11.00
1-Yr. Sales Growth: 13.4%
Employees: 18
Revenue per employee: $611,111.11

 KEY PEOPLE
• D. Michael Jones
    CEO
• Lester L. Clark
    CFO

 CONTACT INFO
8817 E. Mission Ave., Ste. D
Spokane, WA 99212
US
Phone: 509-928-0908
Fax: 509-928-0663
Online: Web Site

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