ICBA News Release
FOR IMMEDIATE RELEASE
ICBA Announces Equipment Leasing and Financing Opportunities for Members with OneWorld Business Finance
Washington, D.C. (March 16, 2011)-The Independent Community Bankers of America (ICBA) today announced that it has selected commercial services cooperative, OneWorld Business Finance, as a Preferred Service Provider (PSP) for community bank equipment leasing and financing opportunities.
"ICBA is pleased to announce OneWorld Business Finance as a Preferred Service Provider," said Dan Clancy, ICBA senior vice president of services. "OneWorld will enable ICBA member banks to compete for leases and equipment finance transactions from its customers through OneWorld's leasing exchange and allow them to fund loans secured by equipment leases."
OneWorld Leasing is a unique commercial equipment finance cooperative. The company offers over 50 lending programs and provides co-op members with revenue-enhancing, cost-saving and market expanding opportunities. This includes vendor finance, end user referral programs and originating equipment leases and loans to small and mid-sized businesses in the $3,000 to $20 million range. OneWorld Business Finance will provide community banks with the following:
- Application-only transactions up to $150,000 and up to $20 million with full financials;
- Operating and capital leases, finance contracts and loans;
- Terms of 2-6 years and in some cases up to 10 years;
- A wide range of acceptable credits from investment grade to "C" credits and industries such as: municipal, agriculture, manufacturing and healthcare.
"OneWorld Business Finance is thrilled to be named as an ICBA Preferred Service Provider and looks forward to helping the nation's Main Street community banks grow their business in the equipment leasing and financing space," said Lou Manitzas, president of OneWorld Business Finance. "OneWorld will provide ICBA member banks with competitive advantages in the marketplace. We are able to accomplish this by insisting on the highest ethical standards and business practices, which have been used to negotiate preferred and unique funding channels and programs with a wide national network of commercial lenders, banks and independent businesses."
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About OneWorld Business Finance
OneWorld Business Finance is a commercial services cooperative founded by its member-owners in 2002. Today the cooperative provides its members with significant competitive advantages in the equipment leasing and financing industries. More info.