Fairport, NY, March 28, 2008 --(
PR.com)-- First American Equipment Finance today announced that it has been recognized by Monitor, Inc. as the 12th largest independent leasing company in the United States. The company was ranked in the March/April issue of Monitor magazine.
The Top 25 list recognizes independent leasing firms for attaining significant new business volume in equipment-related loans and leases in 2007. Independent leasing companies are not associated with any particular supplier of equipment and their customers have the freedom to choose from the equipment supplier of their choice. By focusing on its customers and creating customized leasing programs, First American had a 23% increase in new business volume from 2006 to 2007.
CEO of First American Equipment Finance, William Verhelle, remarks, “We will continue to uphold our standard of excellence and to look for ways to better support our clients in 2008 and in years to come. First American has been insulated from the recent turmoil in the credit markets, and I believe we are very well positioned to serve our valued clients.”
In addition, the Monitor ranking reveals that First American is one of the nation’s largest independent lessors focusing on high-technology equipment. Even with the current economic environment, the company’s outlook for 2008 is positive. Company officials expect new business volume and portfolio size to continue to increase at similar growth rates in 2008.
About First American Equipment Finance. First American Equipment Finance specializes in leasing high-technology equipment to large corporations, education clients and hospitals. First American is well known throughout the industry for providing outstanding customer service and excellent financial products at competitive rates. They offer a full-range of sophisticated financial products and services which are referenced at www.faef.com . First American has earned a reputation for fairness, attention to detail and excellence in every aspect of equipment leasing.
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