FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


New EF Company Founded by Former Leasing Execs

May 20, 2019, 07:25 AM
Filed Under: Industry News
Related: Jay Cohen, Leasing

Determined to bring ISOs new and improved ways to offer leasing to their merchant customers, a team of former leasing executives has created NLS Equipment Finance.

The founders say the company will provide ISOs with all the benefits of leasing:  conversation starters and program differentiators; loyalty boosters; and profit generators.

At the same time, NLS Equipment plans to be “truly an ISO-centric leasing company,” said Sara Krieger, an Executive Vice President at the Illinois-based company. This means expedited processes, streamlined operations, efficient digital signing and new profit-generating, risk-reducing programs, such as Zero Payment Recourse for qualified ISOs.

“ISOs looking for new ways to engage merchants need to look again at leasing,” Krieger said. “We offer proven programs from decades of leasing experience, updated with new, modern ways to be successful.”

Bryant Park Capital, a middle market investment bank with a focus in the specialty finance industry, last week announced NLS Equipment Finance LLC recently closed a $20 million senior secured credit facility with an alternative lender to the specialty finance sector. The new credit facility enables the company to significantly increase new asset originations throughout the U.S.

NLS is a newly established micro-ticket leasing corporation that specializes in lease financing for point-of-sale (POS) credit/debit card authorization systems and other critical business equipment. The company's predecessor has been operating in the space since 1991 and has originated over 1 million organic leases to date.

"Bryant Park Capital acted as a true partner to the company. We are now-well positioned to enhance our scale in the market and can't thank the BPC team enough for its unwavering commitment to our capital raising process," said Jay Cohen, CEO.

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.