Pentech Financial Services, Inc. is a leading provider of small ticket and commercial lease financing in the B-C credit market nationwide.
As the successor company to Pentek Leasing that was founded in 1978, Pentech Financial Services, Inc. has provided more than one billion dollars worth of middle and small ticket equipment lease financings to small and mid-sized companies in a wide range of businesses and industries throughout the country.
In 1978, Benjamin E. Millerbis, Pentech Financial’s President and CEO, founded Pentek Leasing, Inc. as a general equipment lessor for small and mid-ticket equipment. Pentek Leasing became a pioneer in providing leasing and other financial products to young, emerging growth technology companies in Silicon Valley and in the Pacific Northwest.
Following Alaska Pacific Bancorporation’s (APB), a multi-national financial institution, acquisition of Pentek, Mr. Millerbis and Pentek's core management team left to form Pentech Financial Services, Inc. in 1985 to focus exclusively on the equipment financing needs of the emerging growth marketplace.
In 1999, Pentech entered into a partnership with SCP Private Equity Partners and completed a private equity placement, allowing the company to continue its aggressive growth and to expand its product line into middle market leasing and asset-based lending.
In 2003 another strategic partnership with US Bancorp's Manifest Funding Services formed the basis for the "Navigator" program. Navigator is a small ticket leasing program providing a B-C credit alternative to select Manifest brokers. It is managed by Pentech’s Funding Services division in San Diego.