Fast Fact
The main reason why equipment leasing continues to grow is that leasing meets the needs of so many types and sizes of companies.
News
Kinetic Leasing Announces 2006 Milestones
01/12/2007
Kinetic Leasing is pleased to report its seventh consecutive year of growth with a serviced lease portfolio of $120 million at YE 2006 as compared to $107 million at YE 2005. This milestone was the direct result of originating $45 million in new lease volume for the year.
Contributing to Kinetic's success was the addition of a number of new bank partners utilizing Kinetic’s Bank Lease Program. Currently, Kinetic Leasing has 110 bank partners that have funded a lease in its loan portfolio. Kinetic Leasing would like to thank each of its bank partners for their efforts in helping to achieve the 2006 results. They look forward to working with each of bank in 2007 and continued expansion of bank partner relationships.
Additional milestones in 2006 include the opening of Kinetic’s newest sales office in Sioux Falls, SD, thereby expanding our services in the South Dakota market. Darwin Hanneman is the Account Executive in charge of managing the Sioux Falls office. Further, consistent with Kinetic’s desire to deliver a high level of customer service to each of our bank partners, they added Brent Herman to the Kinetic operational team. Brent serves as Kinetic’s Bank Relationship Manager/Debt Placement Officer in the Fargo office.
Kinetic Leasing is proud of achieving seven consecutive years of growth and would like to thank all of its bank partners and customers for its continued support in Kinetic’s services. The company is very optimistic at the start of the year and looks to accomplish further milestones in 2007.