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Merger of Two Equipment Leasing and Finance Firms - PPA Today

Merger of Two Equipment Leasing and Finance Firms

Independent Leasing Associates--a PPA affinity partner--is pleased to announce the immediate merger with Lanier Funding, LLC, to form United Funding, LLC. The merger will allow greater efficiency and synergy for their clients, vendors, lenders, and associations.

This merger represents the pooling of the expertise of two established and well-respected equipment leasing and finance firms. Working separately over the years, both firms helped develop a state-of-the-art online system (called e-Vendor) to automate the financing process and help vendors close more transactions more quickly, thereby increasing their sales and profitability.

"We have been talking with Lanier for a long time, and we are excited that the merger is finally coming to fruition," stated Bob Bell, Independent's owner. "With all the turmoil in the financial marketplace, we are happy to say our sources of funds are still in business and we have money to lend."

Those businesses who are looking for financing can apply through the online website.

PPA members click here for more details.

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About the Companies:
Independent Leasing Associates has been servicing the small ticket equipment marketplace with emphasis on computers, printers, imaging equipment and inventory control systems since 1993. Lanier Funding, LLC, formed in 2003, specializes in financing equipment for the waste management market place. Both firms offer competitive financing to small- and medium-sized businesses without the typical red tape associated with bank lending. The lending "sweet spot" for both firms is between $5,000 and $250,000 with some transactions approaching the million-dollar mark. The new firm, United Funding, LLC, will have main offices in Georgia and Tennessee with satellite offices in various other states.



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This page contains a single entry by Professional Photographers of America (PPA) published on July 16, 2009 3:17 PM.

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