| Business Summary | | MicroFinancial
Incorporated,
which
operates
primarily
through
its
wholly
owned
subsidiary,
Leasecomm
Corporation,
is
a
specialized
commercial
finance
company
that
leases
and
rents
"microticket"
equipment
and
provides
other
financing
services
in
amounts
generally
ranging
from
$400
to
$3,000,
with
an
average
amount
financed
of
approximately
$1,500
and
an
average
lease
term
of
44
months.
The
Company
provides
financing
to
lessees
that
may
have
few
other
sources
of
credit,
and
primarily
leases
and
rents
low-priced
commercial
equipment
used
by
these
lessees
in
their
daily
operations.
The
Company
has
used
proprietary
software
in
developing
a
sophisticated,
risk-adjusted
pricing
model
and
in
automating
its
credit
approval
and
collection
systems,
including
a
fully
automated
Internet-based
application,
credit
scoring
and
approval
process. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MicroFinancial,
Inc.
is
a
specialized
commercial
finance
company
that
leases
and
rents
microticket
equipment
and
provides
other
financing
services
in
amounts
generally
ranging
from
$400
to
$3,000,
with
an
average
lease
term
of
44
months.
For
the
six
months
ended
6/30/01,
total
revenues
rose
22%
to
$72.6
million.
Net
income
rose
5%
to
$10.6
million.
Results
reflect
an
increased
number
of
leases
originated,
partially
offset
by
increased
depreciation
and
amortization
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| Peter Bleyleben, Ph.D., 47 Pres,
CEO | $767K | -- | Richard Latour, 46 Exec.
VP, COO, Chief Financial Officer, Treasurer, Clerk & Secre | 561K | $52K | John Miller Sr. VP of Sales and Marketing | 253K | -- | J. Gregory Hines, 39 VP,
Funding and Merchant Services | 228K | -- | John Plumlee, 48 VP,
MIS | 227K | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|