RALEIGH, N.C., July 8 Telerent Leasing Corporation, a North Carolina-based, independent leasing company specializing in hospitality and healthcare FF&E and Equipment Leases, has been recognized by The Monitor, the leading publication in the equipment and finance industry, as one of the Top 100 private independent equipment leasing and finance companies in the U.S. Telerent placed number 100 on the list. Additionally Telerent ranked 3rd in largest increase based on net assets and 95th in new business volume with a 91.4% increase over 2007.
Privately-held Telerent Leasing Corporation provides a trusted direct financing source to the healthcare and hospitality industries. The finance division, including Vendor Capital Group and Healthcare Finance, provides project and term financing for equipment, furniture and technology acquisitions, as well as offers a premier array of diversified financial products, most notably equipment leasing and financing, to clients nationwide of commercial and healthcare-grade televisions, furniture, and other commercial and medical equipment.
"We worked hard to achieve this coveted designation," said George Fleming, President & CEO, Telerent Leasing Corporation. "Our continued success is attributed to smart growth and our company philosophy of providing our clients with the best lending experience on an individual basis."
The companies were chosen by The Monitor magazine, which evaluated direct leasing sources based on a formula taking into account both dollar growth and percentage rate of growth over a two-year period. "Out of more than 4,600 leasing firms, Telerent's financial stability and consistency placed it among the 100 largest leasing firms in the nation," commented Larry Holleman, VP and GM of Vendor Capital Group. "Our inclusion in this prestigious list is indicative of our ability to fulfill the needs of our diverse customer base, even as we respond to ever-changing market demands."
The Monitor's annual survey and ranking are based on business activity reported by U.S.-domiciled lease financing companies. A company's rank in the Monitor 100 is determined by its net investment in equipment related loans and leases. To be considered for the Monitor 100 list, equipment lease finance companies provide year-end data about their investment and new business volume, focusing solely on equipment-related loans and leases.
About Telerent Leasing Corporation
Telerent Leasing Corporation provides business to business equipment financing solutions to hospitality, healthcare, and commercial industries across the United States. Telerent offers a variety of loan and lease structures, including operating leases for purchasing new or used equipment, leaving capital and credit lines available for other investments and operational expenses. With more than 50 years of lending experience and support in the medical and hospitality industries, Telerent Leasing Corporation delivers the best in customer satisfaction. Based in Raleigh, North Carolina, Telerent Leasing Corporation operates as a subsidiary of ITOCHU International, Inc.
Additional information regarding Telerent Leasing Corporation, its divisions and solutions can be obtained online at www.telerent.com.
SOURCE Telerent Leasing Corporation