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LEAF Reports Lease and Loan Originations Increased 110% in Q3 2012

August 03, 2012, 07:21 AM
Filed Under: Corporate Earnings

LEAF Commercial Capital ("LEAF"), continued to grow its lease origination and servicing operations during the third fiscal quarter ended June 30, 2012.

Lease and loan origination volume increased by 110% during the third fiscal quarter ended June 30, 2012 as compared to the third fiscal quarter ended June 30, 2011.       
LEAF's commercial finance assets as of June 30, 2012 increased by 59% from September 30, 2011.
LEAF's growth was assisted by its expanded internal and field sales presence that provides dedicated support to its top-priority dealers and national accounts.

Vendor Program Agreements were executed with multiple new program partners, including national equipment manufacturers, independent dealers and value added resellers in the office equipment, technology, light industrial and telephony segments. LEAF has expanded its origination staff by 31% since September 30, 2011.

Read the full Resource America press release.

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