MicroFinancial Incorporated (referred to as “MicroFinancial,” “we,” “us” or “our”) was formed as a Massachusetts corporation on January 27, 1987. We operate primarily through our wholly-owned subsidiaries, TimePayment Corp. (“TimePayment”) and LeaseComm Corporation (“LeaseComm”). TimePayment is a specialized commercial/consumer finance company that leases and rents equipment and provides other financing services, with a primary focus on the “microticket market”. LeaseComm originated leases from January 1986 through October 2002, and continues to service its remaining contract portfolio. TimePayment commenced originating contracts in July 2004. Using proprietary software, we have developed a sophisticated, multi-level pricing model and automated our credit approval and collection systems including a fully-automated Internet-based application, credit scoring and approval process. We provide financing alternatives to a wide range of lessees ranging from start-up businesses to established enterprises. We primarily lease and rent low-priced commercial equipment, which is used by these lessees in their daily operations. We do not market our services directly to lessees. We primarily source our originations through a nationwide network of independent equipment vendors, independent sales organizations, brokers and other dealer-based origination networks (to whom we refer collectively in this report as “dealers”). We fund our operations through cash provided by operating activities and borrowings under our revolving line of credit.
![MicroFinancial logo](https://files.capedge.com/DEF%2014A/0000950135-06-002537/b60257dfb6025773.gif)
Company profile
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Boyle Leasing Technologies Inc
SEC CIK
Corporate docs
IRS number
42962824
Latest filings (excl ownership)
15-12B
Securities registration termination
2 Feb 15
EFFECT
Notice of effectiveness
30 Jan 15
25-NSE
Exchange delisting
23 Jan 15
8-K
Entry into a Material Definitive Agreement
23 Jan 15
POS AM
Prospectus update (post-effective amendment)
23 Jan 15
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Jan 15
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Jan 15
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Jan 15
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Jan 15
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Jan 15
Latest ownership filings
SC 13G/A
Microfinancial Inc
9 Feb 17
SC 13G/A
Microfinancial Inc
9 Feb 16
SC 13G/A
Beneficial ownership report (amended)
17 Feb 15
SC 13G/A
Beneficial ownership report (amended)
13 Feb 15
SC 13G/A
Beneficial ownership report (amended)
13 Feb 15
SC 13G/A
Microfinancial Inc
10 Feb 15
SC 13G/A
Microfinancial Inc
5 Feb 15
SC 13G/A
Microfinancial Inc
4 Feb 15
SC 13G/A
Microfinancial Inc
4 Feb 15
SC 13G/A
Microfinancial Inc
13 Feb 14
Institutional ownership, Q4 2023
13F holders | Current |
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Total holders | 0 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 0.00 |
Total shares | 0.00 |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
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