TROY, Mich. – Lease Corporation of America (LCA) – a long standing small-ticket lessor located in Troy, Michigan, whose portfolios have a national reputation of predictive, solid performance – announced that as of April 30, 2015 it has, from its inception, extended credit to approximately 70,000 entities including business, governmental units and charitable organizations. This activity has involved over 88,000 financing transactions, with an average deal size of just over $13,000. The aggregate amount of such transactions was just under $1,150,000,000.

LCA’s Chairman John B. Kemp observed the following: “Our team is proud to have been of service to so many organizations over the years. It has been an honor to serve the needs of our over 4,000+ vendor base by shortening their sales cycles and fulfilling the equipment financing needs of their customers. Going forward LCA shall continue to invest in state-of-the-art technology for the benefit of its vendors and end users. LCA shall also increase the size and scope of its organization so that it may continue to better serve its national platforms.”

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 its clients. LCA is one of the largest independently owned leasing companies in the United States. LCAB, member FDIC, has historically been recognized as being in the upper 1% of the more than 7,000 federally-insured financial institutions in the United States based upon the income measurement of Return on Average Assets.