PENTECH FINANCIAL NAMED TO 2008 MONITOR 100 LIST
Designation Recognizes National Equipment Lease Financing Leaders
CAMPBELL, Calif. -- July 15, 2008 -- Pentech Financial Services, Inc. has been named to the prestigious 2008 Monitor 100 list, an annual ranking of the country's largest equipment finance/leasing firms compiled by the Monitor, a leading publication serving the equipment and lease finance industry.
According to Brad Brisbin, Vice President of Sales and Marketing for California-based Pentech Financial, this is the second consecutive year Pentech has been included on the Monitor 100 list. Pentech Financial Services is listed at No. 86 on the 2008 list, up from a No. 91 ranking in 2007.
"We at Pentech are delighted to be included on the Monitor 100 list again," said Brisbin, “and even more delighted to have moved higher in the rankings over last year. Pentech's latest ranking indicates a positive growth pattern, a 34.8 percent increase in net assets, and strong performances by our staff and our national network of brokers."
The Monitor's annual survey and ranking are based on business activity reported by U.S.-domiciled lease financing companies. A company's rank in the Monitor 100 is determined by its net investment in equipment related loans and leases (i.e. net assets). To be considered for the Monitor 100 list, equipment lease finance companies provide year-end data about their investment and new business volume, focusing solely on equipment-related loans and leases.
In addition to the numerical ranking in the Monitor 100 list, a lease finance company is also categorized as a member of a group or market segment: either a U.S. Bank Affiliate (USB), a U.S. industrial Affiliate (USI), an Independent (IND), a Captive (CAP, meaning a significant portion of a company's portfolio is related to financing/leasing of the parent company's products), a Foreign Affiliate (FOR), or Not Elsewhere Classified (NEC). The 2008 Monitor 100 survey categorizes privately held Pentech Financial as an Independent (IND) company.
About Pentech Financial Services, Inc.
Headquartered in Campbell, Calif., with an office in San Diego, Pentech Financial Services is a leading provider of small ticket and commercial lease financing in the B-C credit market nationwide. Founded in 1978, Pentech has provided more than a billion dollars worth of lease financing to small and mid-sized companies across the country.
# # #