TimePayment Corp. Hires New Vice President of Sales

-Industry Veteran Joins Executive Team-
WOBURN, Mass.--(Business Wire)--
TimePayment Corp., a subsidiary of MicroFinancial, Inc. (NASDAQ: MFI) is pleased
to announce Mark Sullivan has joined as Vice President of Sales to lead its
growth in microticket lease transactions.

Mark brings 25 years of experience in Banking and Leasing to TimePayment Corp.
Mark said, "I am excited to join the management team of TimePayment Corp. and
help grow this unique business. The recession and projected continuing tight
credit markets have sharpened vendors focus on the value of immediate and
accessible capital for their small business customers. The unmatched online
response time, combined with experienced hands-on professionals sets TimePayment
Corp. apart from more generic finance companies."

Richard Latour, CEO of MicroFinancial said, "We are pleased that Mark has joined
our management team and we feel his experience will add value as we continue to
grow TimePayment`s origination business."

About TimePayment Corp.

TimePayment Corp. (www.timepaymentcorp.com) is a subsidiary of MicroFinancial,
Inc. (NASDAQ: MFI) specializing in microticket transactions from $500 to
$25,000. Its use of proprietary credit models and financing programs approves
new businesses across diverse markets with its broad range of available credits.
With over 100 employees and a strong web presence with its TimePayment Direct
leasing center, TimePayment is easily accessible to all approved vendors. Based
in Woburn, Massachusetts, the company operates nationwide, including Alaska and
Hawaii.

About MicroFinancial

MicroFinancial Inc. (NASDAQ: MFI), is a financial intermediary specializing in
microticket leasing and financing. MicroFinancial has been operating since 1986,
and is headquartered in Woburn, Massachusetts.

Statements in this release that are not historical facts, including statements
about future dividends and growth plans, are forward-looking statements made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. In addition, words such as "believes," "anticipates,"
"expects," "views," and similar expressions are intended to identify
forward-looking statements. The Company cautions that a number of important
factors could cause actual results to differ materially from those expressed in
any forward-looking statements made by or on behalf of the Company. Readers
should not place undue reliance on forward-looking statements, which reflect the
management's view only as of the date hereof. The Company undertakes no
obligation to publicly revise these forward-looking statements to reflect
subsequent events or circumstances. The Company cannot assure that it will be
able to anticipate or respond timely to changes which could adversely affect its
operating results in one or more fiscal quarters. Results of operations in any
past period should not be considered indicative of results to be expected in
future periods. Fluctuations in operating results may result in fluctuations in
the price of the Company's common stock. For a more complete description of the
prominent risks and uncertainties inherent in the Company's business, see the
risk factors described in documents the Company files from time to time with the
Securities and Exchange Commission.

TimePayment Corp.
Mark J. Sullivan, 781-994-4870
VP Sales

Copyright Business Wire 2009