Baycap announced the hiring of Marshal Lebovits. Lebovits has almost 30 years of experience in the secured financing industry having worked in the vendor finance, equipment leasing, commercial banking and asset based lending sectors. Lebovits will be working with manufacturers and distributors from a variety of industries to create vendor financing solutions. Lebovits will also be working with financial institutions who would like to establish an equipment leasing solution for their small business lending clients.

Baycap is a privately held commercial equipment lease and finance company located in Redondo Beach, California.  Baycap has underwritten, funded and serviced over $100 million in originations. Baycap is a direct funding source and is capitalized through a revolving credit facility, free cash flow and private debt.