“ Funders Only” List

---Instructions to be listed for free included

A -Accepts Broker Business | B -Requires Broker be Licensed | C -Sub-Broker Program
| D -"Private label Program" | E - Also "in house" salesmen

(A) Pioneer Capital originates all it's paper from brokers - 100%. Pioneer is a full service funding company that holds 100% of its transactions internally. We have over $150 million in small ticket leasing lines. We offer "A", "B" and in some circumstances "C+" credit coverage. We also offer franchise, medical, and new business leasing programs. Accepts Broker Business - to apply for to http://www.pioneerfunding.com/becomebroker.html. Private Label Program - Pioneer offers private label documents and discounting programs to eligible brokers.

(B) BWC Equipment Leasing only funds deals in Northern California. Sub-broker accepted only is disclosed up-front. Broker must sign "Representation and Warranty" broker agreement.

(C) Dolsen Leasing, see our Broker Application at www.dolsenleasing.com . While we do not require brokers to be licensed, we do a background check on all prospective brokers. While we have both inside and outside sales people, we are always open to expanding our broker network.

(D) TFC Equipment Finance is a wholly owned subsidiary of TCF National Bank (TCF). TCF is a subsidiary of TCF Financial Corporation.
TCF Financial Corporation (TCF) is a $12 billion national financial services holding company. TCF trades on the NYSE under the symbol TCB.

(E) NetBank Business Finance accepts sub-brokered transactions only from a select, pre-approved group of broker/lessors. NBF is a wholly owned subsidiary of NetBank, Inc. and will occasionally accept lease and loan referrals from other NetBank companies.

(F) Madison Capital - Broker should be in business at least 2 years. Private Label program requires six months positive experience working with them; and only after the 6 month term we offer the brokers or discounter a contract that allows them to put their name on it, primarily for marketing purposes. We originate business through both direct sales and indirect sales. However, we offer broker protection and are extremely vigilant about it. One clarification. We do offer financing to restaurants, but not for their exhaust hoods, an item we are frequently asked about.

(G) ICB Leasing - Business is conducted only with approved brokers. In addition, Brokers must not only be approved by ICB but licensed where appropriate. We will permit use of ICB Leasing Corp. lease docs in approved originators name and purchase/take assignment of lease.

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There is no advertising fee or charge for a listing. They are “free.”

Leasing News makes no endorsement of any of the companies listed, except they have qualified to be on this specific list.

Originally the purpose of these lists were to note those in the equipment leasing industry who specialize in story credits. This was our first “funder” list.  Many seek to help those who do not qualify as “A” or “B' credits. It did not preclude that they also considered other types of credit, but generally specialize in what takes knowledge of the company that may not appear in a consumer credit score or may be a start-up, new management, and in the trade this type of applicant is called a “story credit.”

In an effort to then note another level of “story credits,” who also may attract broker business from many other sources for many other reasons as noted in the qualifications, Leasing News developed a second list: those who consider leases that they broker to others are their main occupation, which we labeled "Super Brokers." At present time, only BSB Leasing is listed.

It appears many who are really "Super Brokers," who primarily do not fund the original transaction, ( do not have their own portfolio,) may be pretending to be "Funders."  It is surprising that BSB appears to be the only “Super Broker” in the equipment leasing business. Leasing News thought more would want to be listed.

To help clear the field, this list is for "funders only."  It does not preclude that the funder cannot sell parts of its portfolio, or even "broker" to other funders or groups, but this “group” does not fit in the other two lists.

It is Leasing News goal to qualify those who want to be listed as a true “funder” of leasing contracts. We realize the responsibility in doing so and believe the qualifications of the other two lists will aid in having an accurate description.

http://www.leasingnews.org/Story_Credit/Story_Credit.htm
http://www.leasingnews.org/Super_Brokers/Super_Brokers.htm

In addition to the above qualifications, the "funder" must have a "clean" Better Business Bureau rating, no Leasing News Bulletin Board complaints or a poor record, and must belong to a national leasing association, or such an organizations as the American Bankers Association, as we view this that they are professional and abide by their association standards and code of ethics. It is not uncommon for a “funder” to belong to many professional and trade associations.

 Leasing News will be verifying "lessor" lines with their bankers or appropriate source, such as publicly held companies (as done with those on the Story Credit List and Super Broker List.)

Leasing News reserves the right not to list any company it believes does not meet the qualifications as stated above.

*********Instructions To be Listed ***********************

Please send in the following format. If your company is not publicly traded or well-known to us, we will contact you for further information.

 Name:
Year Start:
Contact:

(some people put telephone number, some e-mail, or both)
Website:
Leasing Assoc.
Employees:
Geographic Area:
Minimum Dollar Amount:

(several also put a range, as you will see, some also add their average transaction size)
Equipment Restrictions:

( you may have this on your web site, or may say, call, or may have a short list, or may say depends on credit.)

A--Accepts Broker Business

  (It is suggested in the comment section that the web site address of contact and/or qualifications be placed. If not on a web site, please put on a page that we can turn into a URL for readers to go to)

 B-Requires Broker be Licensed---Certain states require all those involved in the leasing process be licensed. If you care to make a comment on this, then please add to your comment section.    

C-Sub-Broker Program—Allows a broker to pay a broker who submits and/or works with the original broker to obtain credit, financial statements, negotiate, or assist in the obtaining of leasing documents and invoices.

D—Private Label Program—offers the broker or discounter a contract that allows them to put their name on it, primarily for marketing purposes.

E—In addition to accepting broker business, has “in house” salesmen who go “direct” to customers and/or equipment vendors. If there is confusion such as the entity is a subsidiary or separate operation, but under the same financial control, it is best to state “yes,” while the sales team may be “separate,” it is in reality part of the organization. This is very common in the leasing industry to have both sets of “on premise” and “off premise” sales and should not be viewed as a negative to each “divisions” efforts.

Comments: These will be “footnoted” and hopefully will cover any statement or clarification a “funder” would like to make.