| Business Summary | | Source
Capital
Corp.,
incorporated
in
1969,
is
engaged
in
the
business
of
lending,
primarily
through
direct
loans,
to
individuals
and
corporations.
Generally,
the
Company's
loans
are
collateralized,
in
whole
or
in
part,
by
real
estate
or
personal
property.
The
Company's
wholly
owned
subsidiary,
Source
Capital
Leasing
Company,
is
engaged
in
the
business
of
providing
lease
financing
for
a
wide
array
of
equipment
and
vehicle
contracts.
Leases
are
structured
as
direct-financing
contracts,
and
are
generally
collateralized
through
collateral
perfection
and
personal
guarantees. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Source
Capital
Corporation
is
engaged
in
lending
activities,
primarily
making
direct
loans
to
individuals
and
corporations.
For
the
six
months
ended
6/30/01,
revenues
fell
8%
to
$4.7
million.
Net
income
fell
13%
to
$472
thousand.
Revenues
reflect
lower
interest
and
fee
income
due
to
lower
average
loan
receivable
balances.
Earnings
also
suffered
from
reduced
gains
on
the
sale
of
securities,
lease
tranches
and
other
assets
and
a
higher
effective
tax
rate. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Alvin Wolff, Jr, 52 Chairman
of Directors | $115K | D. Michael Jones, 58 Pres,
CEO, Director | 325K | Lester Clark, 58 CFO,
VP, Treasurer, Sec. | -- | James Kirschbaum, 60 Exec.
Vice-Pres | 221K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|