-
Issac Miller Moves Up from Internship to Sales
Kinetic Leasing is excited to announce the addition of Isaac Miller as a full-time Business Development Specialist. Isaac was an intern here for the past 3 years while pursuing a degree in Business Administration from Minnesota State University Moorhead (MSUM). We know Isaac to be hard working and enthusiastic, and we consider him a great addition to our team. Welcome aboard, Isaac!
-
Kinetic Leasing Celebrates 20th Anniversary
Al Hintz, President of Kinetic Leasing, held a luncheon with employees at its Fargo headquarters on February 20th to celebrate Kinetic’s 20th anniversary and to thank staff for their hard work. Al reviewed the history of the company, such as achieving the milestone in August 2018 of financing $1 billion of equipment since the company was founded. Said Al, “In the business world, all companies work to achieve a ‘prime’ position where all things work together to achieve results. I truly feel that, in the last two years, we have reached this point.” Staff joked that Al was a visionary for establishing the company on a date where its 20th anniversary would fall on 2/20/2020. He replied that he “sees” another great 20 years ahead for the company!
-
Sutton Lauinger Joins Kinetic Leasing
Kinetic Leasing is pleased to welcome Sutton Lauinger to our sales team. Sutton, a native of Fargo, ND, graduated from NDSU in 2012 with a degrees in Criminal Justice and Psychology. He spent the previous seven years working in the non-profit sector, most recently as the Volunteer and Development Coordinator for Make-A-Wish® Foundation of North Dakota. He was instrumental in fostering relationships to help volunteers succeed in fundraising and special event planning, along with donor care, development activities, and mission advancement. His desire to serve and his outgoing personality will be a great asset for those looking to move their business forward. Sutton is working out of our corporate headquarters in Fargo, ND, and he can be reached at (701) 551-7265.
-
CPC Awards Contract to Kinetic Leasing
The Cooperative Purchasing Connection (CPC) has selected Kinetic Leasing to provide equipment lease financing to its members, including county and city municipalities and other governmental agencies, schools, and non-profits. The CPC serves nearly 3,200 agencies in Minnesota, North Dakota, and South Dakota.
The CPC provides its members with the same purchasing power of their much larger counterparts. Its competitively solicited contracts meet state guidelines and eliminate the need for time-consuming bids and multiple price quotes. Equipment leasing obtained through the CPC requires no voter referendum, and it is not subject to legal debt limitations. Quoting your contract with the CPC instead of following a lengthy competitive bid process means that you can get the equipment you need faster!
-
Peter Bormann Joins Kinetic Leasing
Kinetic Leasing is pleased to welcome Peter Bormann to our sales team. Peter has a 35-year track record of accomplishments in a wide array of industries. He has held leadership positions in financial, technology, telecommunications, and real estate industries managing business development and marketing activities. Peter is an active consultant and advisor to several businesses as well as community and committee boards. Kinetic Leasing looks forward to his insights and contributions. Peter is working out of our corporate headquarters in Fargo, ND, and he can be reached at (701) 551-7284. Welcome, Peter!
-
Anthony Bowen Joins Kinetic Leasing
Kinetic Leasing is pleased to welcome Anthony Bowen to our sales team. Anthony has extensive experience in working with banks, dealers, and vendors in the Midwest to finance all types of equipment, especially construction, industrial, manufacturing, transportation, and technology. He is based in West Des Moines, Iowa, and he can be reached at (515) 401-5094. Welcome, Anthony!
-
Kari Hage Promoted to Vice President of Special Projects
Kinetic Leasing is pleased to announce that Kari Hage has been promoted to Vice President, Special Projects. Kari joined Kinetic Leasing in 2014 as a Funding Coordinator, and for the past two years she took on an expanded role as Operations Manager. She spent the previous five years working in the health insurance industry as an analyst and project manager. In her new role as an officer of the company, Kari assumes the lead role of managing projects and certain vendor relationships and product lines. Her hard work and knowledge of the industry are a true asset to the company. Congratulations, Kari!
-
Kinetic Leasing Announces New Service to Resell Equipment
Kinetic Leasing is excited to announce a new service to resell equipment for our customers, vendors, and bank partners. We will sell any item that you need to liquidate through our sister company, Equipment Specialists, and in partnership with Auction Time. The new service is offered for a flat fee of only $995 per piece of equipment sold. No fee is collected until your item is sold and the buyer has remitted payment. Working with Auction Time gains a nationwide audience and weekly auctions. Further, you can sell from any location—no transportation needed! If you have an equipment item to liquidate, contact Jake Hintz at (701) 551-7267 or jhintz(at)kineticlease(dot)com to get started.
-
Kinetic Leasing Reaches Major Milestone
Kinetic Leasing announced today that it has financed a total of $1 billion of equipment since the company’s inception in February 2000. Says Al Hintz, founder and President: “When we first started the company, several people in the industry said we could never make a company survive in this industry in a small town like Fargo. We’ve proved them wrong and not only survived, but thrived, with many opportunities ahead of us.” Headquartered in Fargo, ND, Kinetic Leasing specializes in flexible, creative equipment financing solutions to middle-market businesses and municipalities.
-
Kinetic Lease Welcomes Isaac Miller as an Intern
Kinetic Leasing is happy to welcome Isaac Miller as an intern this summer. Isaac is pursuing a degree in Business Administration from Minnesota State University Moorhead (MSUM), and he will be starting his junior year this fall. Isaac is from Minto, North Dakota, and he has previously worked at Scheels as a sports specialist. Isaac follows in the steps of his older brother, Josef, who also worked as an intern at Kinetic several years ago.
-
Kinetic Leasing Reaches Out to Businesses Affected by Hurricanes
Kinetic Leasing has reached out to its business customers in Texas and Florida to find out if they were impacted by Hurricanes Harvey and Irma. Said Kinetic Leasing President, Alan Hintz, “Living up to our core values and having genuine concern for our customers is very important to us.” Business customers in the affected region that sustained damages or were unable to operate due to lack of electricity and phone service were offered the chance to defer payments. Added Hintz, “We are a small company, and we differentiate ourselves by being flexible and offering a deferment of one or two months of payments to help our customers to get back on their feet. Customers didn’t have to call us and ask for help. We were happy to help out in their time of need.” Established in 2000, Kinetic Leasing is a general equipment financing company with offices in Fargo, North Dakota, and Marshall, Minnesota.
-
Kinetic Lease Welcomes Melanie Villareal
Kinetic Leasing has hired Melanie Villarreal as an Operations Specialist. Prior to joining Kinetic, Melanie was a Commercial Loan Specialist for Bank of the West. Melanie earned her undergraduate degree from the University of Minnesota in 2012. She is originally from Moorhead and relocated back to the F–M area in 2014. Welcome, Melanie!
-
Ashley Cook Achieves CLFP Designation
Ashley Cook, Vice President, Small Ticket Leasing, has passed the 8-hour online exam to become a Certified Lease & Finance Professional (CLFP). The exam was hosted by International Decision Systems and KLC Financial in Minneapolis, MN. The CLFP designation is the preeminent credential for equipment leasing and financing professionals throughout the world who have demonstrated competency through testing of knowledge, continuing education, and a commitment to their business practices and dedication to the industry. Only 421 individuals in the world are currently certified as CLFPs. Congrats, Ashley!
-
Kinetic Leasing Welcomes Jo Olson
Kinetic Leasing has hired Jo Olson as a full-time accountant. Before joining Kinetic Leasing, Jo was the accountant for her family-owned heating and air conditioning business, and most recently for a local church. Jo is very active in various business organizations in the Fargo–Moorhead area. She is originally from the lakes area of Minnesota, but she has called West Fargo–Fargo home for close to 30 years. Welcome, Jo!
-
Shawn Suess Expands Duties with Kinetic Leasing
Shawn Suess has been with Kinetic in various roles over the past two years. He recently added to his duties within the Operations Division by taking on bank funding and other projects related to the non-recourse portfolio. Shawn has an undergraduate degree in Exercise Science, and he recently finished his Master of Healthcare Administration program at Minnesota State University Moorhead (MSUM). Welcome, Shawn!
-
Kinetic Leasing Welcomes Minara Sooriyaarachchi as an Intern
Kinetic Leasing is happy to welcome Minara Sooriyaarachchi as a financial analyst intern. Minara has an undergraduate degree in Physics from Minnesota State University Moorhead (MSUM) and is currently working towards an MBA, with an emphasis in finance. He is from “all over”, and he has working experience in both the financial and scientific research fields. Welcome, Minara!
-
Kinetic Leasing Hires Isaac Nepstad
Isaac Nepstad has been hired as a full-time employee to support Kinetic’s Chief Credit Officer in analyzing customer financial statements. Isaac recently graduated with a B.A. in Finance from Concordia College in Moorhead, MN. Previously, he interned at Kinetic Leasing in the same role, and he also interned at Merrill Lynch. Isaac grew up in Mayville, ND. Welcome, Isaac!
-
Kinetic Leasing Hires Jake Hintz and Austin Young
Kinetic Leasing has hired Jake Hintz (right) and Austin Young (left) for our sales team. Both are recent graduates of the University of North Dakota in Grand Forks, N.D.—Jake with a degree in managerial finance and accounting, and Austin with a degree in entrepreneurship. Previously, Jake worked as an intern at Kinetic Leasing, assisting in collections and documentation. Austin helped with cold calling/campaigning for Congressman Kevin Cramer (ND-R). Jake is a native of Fargo, and Austin hails from Plymouth, MN. Welcome aboard!
-
Kinetic Leasing welcomes Mike Rausch to our Sales Team
Kinetic Leasing is happy to welcome Mike Rausch to our sales team. Mike will be working remotely from Marshall, Minnesota. Mike comes to Kinetic with 20 years of experience in the equipment financing industry, including more than 7 years of experience with FedEx vehicle financing and leasing. Welcome, Mike!
-
Kinetic Leasing announces the hire of Curt Kovash as VP, Business Development
Previously, Curt worked for US Bank Equipment Finance in Marshall, MN for 26 years in senior management, sales management, and direct sales roles. He has relocated and will be working out of our headquarters in Fargo. Welcome, Curt!
-
Kinetic Leasing announces the promotion of Kari Hage to Operations & Debt Placement Manager
Kari will be responsible for managing day-to-day operations and coordinating with banks to fund new leases. Kari joined Kinetic Leasing in 2014 as a funding coordinator. Congratulations, Kari!
-
Kinetic Leasing Attends Ndba/sdba Annual Convention in Bismarck
Dan Saville, SVP, attended the annual North Dakota–South Dakota Bankers Association convention and represented Kinetic Leasing at booth #27. Dan told interested attendees about Kinetic Leasing’s Bank Lease Program. Through this popular program, Kinetic Leasing partners with banks to provide their customers with equipment leasing options. Currently, Kinetic Leasing partners with 250+ banks in 175+ cities in 14 states.
-
Kinetic Leasing to Sell Additional Preferred Stock
Kinetic Leasing is pleased to announce, as a result of its sizable growth over the past few years, that it will be selling up to $2 million of a Series 3 Preferred Stock. President Al Hintz stated, “With our equipment lease portfolio growing to over $230 million in size, we are in need of raising additional equity capital to keep up with our growth. This additional Preferred Stock will be blended with additional borrowings from our community bank partners to provide us with a reasonable cost of funds to ensure our profitability continues at is has in the past many years.” Kinetic Leasing commenced the selling phase of these shares today, and will continue to sell to prospective investors through September 30, 2016. The offering boasts an attractive 10% dividend yield, paid quarterly, and is being offered to accredited investors.
-
Kinetic Leasing Well Represented in the 2016 Fargo Marathon
Congratulations to staff and relatives and friends of staff who ran a “half” (13.1 miles) in the Fargo Marathon on May 21, 2016. They are (from left to right): Matt Cook (husband of Ashley Cook), Ashley Hintz (daughter of Al and temp employee), Ashley Hull (friend of Jake Reopelle), Al Hintz, Dustin Elliott, and Zach Schmidt (former employee). Not pictured is Molly Masseth, fiancè of Ryan Oas. This year’s half marathon course started inside the Fargodome, turned south through the NDSU Campus, and on to the Broadway Mile—right down the heart of downtown Fargo. From there, the route continued past historic homes on 8th and 9th streets and finished back in the Fargodome. The punishing run isn’t for the faint of heart. Bravo, everyone!
-
Kinetic Leasing Welcomes Isaac Nepstad Aboard as an Intern
Isaac is supporting Kinetic’s Chief Credit Officer, analyzing customer financial statements. Isaac will graduate with a B.A. in Finance from Concordia College in December. He also interned at Merrill Lynch this past school year. Welcome, Isaac!
-
Kinetic Leasing Welcomes Trent Olson as a Full-Time Document Support Specialist Within Our Small Ticket Division
Trent has been with Kinetic in a part-time role for the past 7 months, and he has assisted us in many projects and duties. In addition to his duties within the Small Ticket Division, Trent will work on bank funding and other projects related to the non-recourse portfolio. Trent will be graduating from NDSU in mid-May. Welcome, Trent!
-
Kinetic Leasing Welcomes Ryan Oas as an Account Executive
As we continue to expand our business development area, Ryan is a great addition to our sales staff. Ryan has worked at Bell State Bank, and most recently as a Commercial Lender in the Business Banking Department at Alerus Financial. He is a native of Oslo, MN and a graduate of NDSU. Welcome, Ryan!
-
Kinetic Leasing Hires Rochelle Castor as a Documentation Specialist
Rochelle worked in the Eide Bailly LLP Training & Development Department as the CPE Registrar for over 10 years where she managed the professional database for 1,500+ licensed CPAs, and she was a resource on licensure requirements and continuing education. Rochelle is a native of North Dakota and brings that hard-working, finish-the-job Midwestern work ethic to the table wherever she goes. Welcome, Rochelle!
-
Kinetic Leasing is Pleased to Announce the Hire of Tammy Grondahl as a Collections/Accounts Receivable Specialist
We have grown our portfolio over the past two years, and we are in need of someone to manage this process. Tammy comes to us with great experience. She worked the last 12 years at Corporate Technologies in the position of collections and cash receipts management. Welcome, Tammy!
-
Kinetic Leasing Moves Headquarters to New Facility in Fargo, ND
In October, Kinetic Leasing moved into a brand new, 9,000 square foot corporate office building in Fargo, ND. The new facility was needed to support Kinetic Leasing’s tremendous growth. The relocation was celebrated with an open house on November 19th. President Al Hintz thanked family, friends, and the business community for making Kinetic Leasing one of the top 100 largest equipment financing companies in the U.S. The Fargo–Moorhead Chamber of Commerce congratulated Kinetic Leasing on its success and presented it with a plaque for its “positive impact on our regional economy…”
-
Kinetic Leasing Welcomes Jake Reopelle as an Underwriter
Jake will be working in the Small Ticket department, verifying and approving finances and ensuring that customer-submitted paperwork is in order. Jake graduated from the University of North Dakota in 2015 with a degree in accounting. Welcome, Jake!