FOR IMMEDIATE RELEASE January 26, 2015 Contact: Mike Coon mcoon@leasecorp.com
TROY, Mich. – LCA Financial (LCAF), a division of the LCA Group, announced today that Scott Woodring has been hired as a Business Development Officer for the group. Woodring will focus on developing and managing origination relationships with lessors, brokers and banks nationwide. Scott has over 17 years of experience in the equipment finance industry, most recently in the role of Account Manager at LeaseTeam, Inc., a recognized leader in technology solutions for the leasing industry. “Scott’s experience, industry knowledge and client relationships make him an excellent hire for our indirect division”, said Mike Coon, Vice President of the group. LCAF President, John Martella further noted, “Increasing our sales presence with well-known industry veterans is in line with our growth plan for the wholesale division. We seek to add expertise that brings value to our originators and to position LCA Financial as a leader in this segment.” About LCAF LCAF specializes in the Buy/Sell activities of the LCA related entities. LCAF provides flexible discounting facilities of portfolios, asset pools and one-off transactions with servicing either retained or released. LCAF’s portfolio and pool purchases range from $1MM to $25MM and single transactions up to $1.4MM.
About LCA and LCAB
LCA is a full-service financing company specializing in technology and industrial equipment financing. LCA offers a multitude of leasing programs that allow companies to obtain the equipment they need now and pay for it over a fixed amount of time, freeing up working capital and credit lines. Based in Troy, Michigan, LCA has serviced the needs of its vendors, customers and brokers since its formation in 1988. LCA has kept pace with the ever-changing economy to develop innovative financing programs, professional marketing support and easy-to-use leasing tools for our clients. LCA is one of the largest independently owned leasing companies in the United States. LCAB, member FDIC, was founded in 2005 and is located in Park City, Utah. The Bauer Financial Inc.’s 2013 publication “Top 100 Banks,” as of December 31, 2012, places LCAB in the upper 1% of all federally insured institutions in the United States based upon the income measurement of Return on Average Assets.
-###- For additional information: mcoon@leasecorp.com