LEAF Commercial Capital shows growth

Philadelphia-based equipment leasing and financing company LEAF Commercial Capital has reported strong year-over-year results for 2016, including a 23% increase in originations and a 50% increase in income, as well as a 17% increase in assets under management.

“We’re pleased to continue delivering exceptional service and value to our customers and strong, reliable growth to our investors,” said Miles Herman, LEAF president and COO. “Our 2016 results yet again validate our business model for increasing originations and profits without sacrificing credit quality.”

2016 also saw the launch of LEAF’s FinanceNOW platform, an extensive update of LEAF’s financing technology infrastructure and user-facing functionality. FinanceNOW joins other LEAF innovations that include a recently developed marketing and automation sales solution which won the ELFA 2016 Operations and Technology Excellence Award.

“LEAF has always led the industry in technological innovation,” said Herman. “Our technology, processes and expertise, combined with an unwavering focus on risk management, poise us for continued strong growth in 2017 and beyond.”

The company has also announced that Fronius USA has chosen LEAF as its exclusive financing partner. A leader in industrial welding technology, Fronius selected LEAF for its ease-of-use, rapid turnaround and advanced FinanceNOW platform, which gives manufacturers, dealers and their customers complete financing that can be tailored to any desired customer experience, from full-touch service to 100% automation.

“We chose LEAF because it offers our customers a mix of simplicity and versatility that’s unmatched in the financing industry,” said Stefan Mayr, Fronius director of sales. “Thanks to our partnership, Fronius customers can now take advantage of equipment financing specially designed to improve results at all phases of our sales cycle. And customers have a powerful new option for flexibly managing cash flow while equipping their facilities with the latest, most productive welding technologies.”