MicroFinancial Incorporated (MicroFinancial) is a financial intermediary specializing in leasing and financing for products that are typically in the $500 to $15,000 price range. The Company provides financing alternatives to a range of lessees ranging from start-up businesses to established businesses. It primarily leases and rents low-priced commercial – more... equipment, which is used by these lessees in their daily operations. The Company operates primarily through its wholly owned operating subsidiary, TimePayment Corp. TimePayment is a specialized commercial finance company that leases and rents microticket equipment and provides other financing services. Through TimePayment, the Company offers TimePayment Direct, a Web-based application and credit approval process for its vendors, which provides credit decisions usually within 2 to 3 minutes. MicroFinancial also has a subsidiary, Leasecomm Corporation, which suspended virtually all its originations in October 2002. – less – More from ZoomInfo »
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