New Resource for Equipment Financing

(I-Newswire) February 4, 2010 - Numerica Capital Group, LLC. brings together over 100 years of equipment leasing experience under one umbrella, along with greater funding depth and back office system efficiencies to better service the need for equipment financing. The company is headquartered in California and will continue to grow its network of independent field offices to serve customers nationally with the help of a proprietary web-based CRM and extensive management experience.
Numerica Capital Group, LLC. is the beneficiary of long standing lending relationships established by Prolease and 5280 Financial. The goodwill Prolease and 5280 Financial developed with these funding sources over the years allows Numerica to continue to extend credit to a broad range of businesses in these challenging times.
In addition, Prolease and 5280 Financial are members of the only lease finance cooperative, OneWorld Business Finance, and they will continue this association under Numerica Capital Group, LLC. This membership, along with its aforementioned relationships, gives Numerica an extensive range of lending capacity and provides equipment vendors more opportunities to finance their business customers
Aaron Rios previously President of Prolease is excited about Numerica Capital Group, LLC. “Numerica offers the opportunity to bring together two companies with similar business philosophies. It gives the independent rep a way to service and grow their vendor business in a declining funding environment.” He believes that Numerica is poised to collaborate with its reps to service their vendor business and bring tools beyond funding to enhance their business.
Skip Wehner, one of the founding members of 5280 Financial, is equally excited about the joint venture being well positioned as a permanent landing spot for tenured sales reps. with vendor relations “With so many experienced sales reps being ‘orphaned’ by the larger lenders over the past year, we are very enthusiastic about the early success we have had integrating these reps into our system. Our technology platform allows us to extend our architecture to reps in any location so that they can better serve equipment vendors.”

About Numerica Capital:
Provide equipment financing to businesses and supports vendors with financing programs to help their customers.

Company Contact Information
Numerica Capital
Aaron Rios
1100 Quail Street
Suite 110
92660
Phone : 949-260-1000 x205