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Business Lenders Pursues Broader Customer Base With LeasePoint.com Technology.


Business Editors

MINNEAPOLIS--(BUSINESS WIRE)--Dec. 13, 2000

LeasePoint.com, an emerging industry leader in online technology equipment leasing Equipment Leasing is a financing option to lease equipment for a certain amount of time. Leasing Benefits
  • Control secondary market, offer the ability to up-grade and trade-in.
  • Converts cash buyers of small machines to larger, more expensive purchases.
, announced today that it has partnered with Business Lenders LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, a non-bank, Preferred Small Business Administration (SBA SBA
abbr.
Small Business Administration

Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government
) lender to bring its customers an additional financing option.

Through the power of LeasePoint Connect(TM), the industry's first real-time, customizable private label program, customers who may not have previously qualified for an SBA loan are now directed to LeasePoint.com's leasing engine directly from the Business Lenders website.

"With these initial stages of a LeasePoint Connect(TM) program, Business Lenders is able to offer leasing options to customers that are not eligible for a small business loan," LeasePoint.com vice president of marketing Elen Bahr said. "LeasePoint Connect(TM) was built specifically to help businesses open new revenue streams without spending a lot of time or money. Connect(TM) enables companies like Business Lenders to serve more customers by quickly adding lease capabilities to their websites."

"In a lender-driven industry riddled rid·dle 1  
tr.v. rid·dled, rid·dling, rid·dles
1. To pierce with numerous holes; perforate: riddle a target with bullets.

2.
 with time-consuming paperwork, LeasePoint.com has cut through the confusion to empower empower verb To encourage or provide a person with the means or information to become involved in solving his/her own problems  the customer with the most efficient, easy-to-use leasing options available," Judy Hart, senior vice president, said. "LeasePoint.com's private label program enables Business Lenders to provide financing options to a wider customer base."

About LeasePoint.com, Inc.

Located in Minneapolis, Minnesota “Minneapolis” redirects here. For other uses, see Minneapolis (disambiguation).
Minneapolis (pronounced IPA: /ˌmɪniˈæpəlɪs/) is the largest city in the U.S.
, LeasePoint.com is rapidly emerging as an industry-leading Internet site for businesses seeking to lease technology equipment. LeasePoint.com matches business customers needing technology equipment with vendors and lenders to give businesses the best lease options available. LeasePoint does this with specially developed technology that removes obstacles of traditional leasing and makes the process fast and easy.

About Business Lenders, LLC

Headquartered in Hartford, Connecticut “Hartford” redirects here. For other uses, see Hartford (disambiguation).

Hartford is the capital of the State of Connecticut. It is located in Hartford County on the Connecticut River, north of the center of the state.
, Business Lenders is one of the nation's top-ten, non-bank SBA lenders, with approval to lend in 47 states. A member of the Medallion Financial Group, a New York-based specialty finance company (Nasdaq:TAXI), Business Lenders received the SBA's Gold Award for its volume of approved loans in 1999.
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Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 13, 2000
Words:334
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