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Home > Company Index > Financial Services > Commercial Lending > WebFinancial Corporation

WebFinancial Corporation
Nasdaq (SC): WEFN
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 PROFILE
WebFinancial weaves together loans on the Web. The industrial loan company makes US-government-guaranteed loans through its WebBank subsidiary. WebBank sells the loans it originates to intermediaries, which in turn provide the loans to their respective customers. The company also issues credit cards on behalf of third-party clients and services US Department of Agriculture loans through its WebFinancial Government Lending subsidiary. Chairman and CEO Warren Lichtenstein owns about one-third of WebFinancial. The company evolved from general merchandise retailer Rose's Holdings; it bought WebBank from H&R Block in 1998 with the proceeds from the discount store's 1997 bankruptcy liquidation.

 COMPETITION
E-Loan, Inc. (EELN)
Equitex, Inc. (EQTX)
NetBank, Inc. (NTBK)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 5.60
1-Yr. Sales Growth: 115.4%
Employees: 10
Revenue per employee: $560,000.00

 KEY PEOPLE
• Warren G. Lichtenstein
    CEO
• Glen M. Kassan
    CFO

 CONTACT INFO
150 E. 52nd St., 21st Fl.
New York, NY 10022
US
Phone: 212-813-1500
Fax: 212-813-2198
Online: Web Site

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