Fairport, NY, June 17, 2010 --(PR.com
)-- First American Equipment Finance climbed 11 spots to # 63 in the 2010 Monitor 100, which ranks the 100 largest leasing and financing companies in the United States. Among approximately 4,200 commercial equipment finance companies in the United States, the Monitor 100 identifies the largest firms, based on net assets and annual new business volume. Monitor, Inc., a leading publication in the equipment leasing and finance industry, publishes the ranking annually.
When asked about First American’s strong financial performance and continued organic growth during the 2008-2009 economic downturn, First American CEO Bill Verhelle gives the credit for his firm’s strong financial performance to First American’s customers. “Our strength comes directly from the strength and stability of our customers. We are honored to serve America’s best and most successful companies and non-profit organizations. And we don’t take the trust they place in First American for granted,” said Verhelle.
According to First American Sr. V.P. of Sales Alan Sikora, the Company’s unique sales and service capabilities have enabled First American to earn the privilege of repeat business from their sophisticated, credit-worthy corporate and institutional customers. “We combine a unique, cost-effective business model with advanced technology that provides an exceptionally high level of customer service at very low cost,” said Sikora.
Earlier this year, First American was also ranked by Monitor, Inc. as the sixth largest independent lessor in the United States. Independent leasing companies are not associated with any particular supplier of equipment and offer customers the freedom to select the equipment suppliers of their choice.
First American Equipment Finance is headquartered in Fairport, New York, with customers in all 50 states. In addition to large corporate borrowers, First American specializes in serving healthcare, insurance, education, legal and not-for-profit organizations. First American has a long-standing reputation for professionalism and outstanding customer service.